This is a disgrace

this is an absolute disgrace. if what I am hearing is true that all we get in return for our 'investment' is Preferred or Preference shares is that the taxpayer will rank higher than the Ordinary shareholder in the event of any bankruptcy.

What upsets me most of all is that there will be no government involvement in the running of the banks which receive this money. This is the worst f all options. If they also issue warrants to purchase shares at a fixed price at some point of time in the future then by then the government will have disappeared into the void.

If I, as a taxpayer,am going to put my money into the banks then I want to share in the control of the salaries, and dividends, and general remuneration policies.

This must not be allowed to happen, I am not going to have these failed bankers to continue to receive their huge salaries and bonuses when they have seriously messed up. I want the authorities to implement an urgent public inquiry into this, who is responsible, the executives, the dealers, the traders, the accountants, the bank managers who authorised the mortgages, and loans. The people who were responsible for allowing this to happen. I am so angry.