Apparently, the Royal Bank of Scotland and Lloyds need another £30 billion of our money to survive. The regulators have given them until March to balance their books. Other banks and building societies have £60 billion hidden losses, in bad debts and in the cover they need to pay fines and compensations for their various criminal actions.
The Labour government overpaid the banks when rescuing them in 2008. Brown paid twice the going rate, losing us £18 billion. The taxpayer will never gain from the bailout. ■