It ertainly was a surprise to everyone in the City - it is an indication of their flexibility, but is means that many of those dodgy assets have no floor price whatsoever now.
Very shortly after the UK bail out was released it was speculated that the US would follow suit.
If this was a supprise to everyone in the city it probably explains why we are in such deep s
hit. I've been waiting for the announcement for the last few weeks.