Any chance you could take your "stupid hat" off, and give your analysis of the news about RBS and LLoyds re; their alleged £500 billion debt the Government is taking on...?
Is it good news overall, or bad news...? Difficult to tell when Lord Haw Haw (robert Peston) is giving his views.
It's bad news for the taxpayer, good news for employees of the two banks. An inevitability for the UK as a whole.
The problem is that the banks have become so large that they are calling the shots rather than the Treasury.
The situation is not as bad as last Autumn, in which at one point we were within 24 hours of the whole banking sector collapsing, as some banks were threatening to pull out of the BACS system, as they were not convinced that all the banks would survive, and so had decided they would not honour cheques drawn on other banks, or allow cash withdrawals from customers of their rivals from ATM machines.