Bank Bail Out

I like the bank bail out. I think that it is really good government policy.

For example giving money to LloydsTSB because apparently they have to pay a fine to the US government for breaking sanctions. Ah, yes the bank bail out.

It does seem to have gone very quiet on the fact that much of the bail out has also gone to the Scottish run banks, Royal Bank of Scotland and Bank of Scotland. Nothing at all to do of course with employment in Scotland.

It will be interesting to see what Mandelson does with regard to Jaguar/Land Rover, those companies owned by very rich entrepeneurs. This is not a bail out, this a loan, a very good loan, to help through a difficult period, and the loan will due to be repaid after we, Zanulabour, have lost the next election.