ROBERT PESTON TRANSFORMED INTO PURE ENERGY - The Daily Mash
Seriously though. I get your concern about point 2. I don't necessarily think it was the amount of lending that created the problem as such, rather who it was being lent to...
I'd be interested to see how the Barclays plan works. RBS tried to sort themselves out (albeit via different means) and fell flat on their arses.
As for point 1. Won't the Govt. be coining it in repayments from said banks
if all goes well (for a given value of "well")? Although I have no doubt that some will see the chance to raise more tax in these troubling times as an opportunity not be sniffed at.
For my own part, I see this as an attempt to slow the fall, so the crash at the end isn't too great. i.e. salvageable bits as opposed to all out catastrophe.
And as ever, I am slightly dismayed at the extent to which a basically abstract idea can, when questioned, seriously affect things like the food on my plate and the roof over my head.
(btw, I'm learning LOTS about stuff I'd never thought I'd learn about, on this site. Thanks guys!
)