Link: Burning our money: Open Ended Taxpayer Bank Guarantee.
The inimitable and invaluable Wat Tyler puts his finger on the issues arising from the Government’s unprecedented support for Northern Rock.
They may have forgotten it. The Press may have forgotten it. The legions of Labour-voting clients of the Welfare State may have forgotten it. But the money Darling and Brown have committed is not theirs. They have no right to spend it for such purposes and should be held personally accountable for the inevitable losses.
The Last Ditch by Tom Paine 
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