Greenwich Capital, a unit of Royal Bank of Scotland, is peddling a $90 million portfolio of mostly performing loans, according to one investor. He said that early on Greenwich was asking 80 cents on the dollar for the portfolio. Its asking price has since fallen to about 50 cents. Meanwhile RBS is (more or less) owned by the British government. Earlier this past week the U.K. central bank agreed to buy 50 billion pounds ($73 billion) of assets from RBS. Greenwich now employs a bunch of traders who used to work for Bear Stearns. And it was Greenwich that provided warehouse financing and securitized subprime mortgages for both Ameriquest and Argent Mortgage, two now-defunct subprime lenders controlled by the late Roland Arnallâ¦
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