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but they are still owned by our pensions and our investment trusts.

so right now at the brink of collapse of the system, we should spend billions taking back the utilities for half price, so the pension funds have an even bigger hole to fill and our taxes go up to pay for it. Meanwhile the talented, educated City "bastards" up sticks to New York, Frankfurt...

i dont beleive its as little as 5%, the deposits held by HBOS in analysis the other week where in the order of £260 billion iirc which is way way more than the bad debts, which boiled down to £2billion. maybe its as little as 5% for investment banks, which is what the difference between them...

heres some logic which might be going unnoticed and is where the Republicans (and Democrates i think you'll find) opposed to the deal are coming from: why should the state intervene using tax payers money to prop up private companies? if you abandon the principles of the market, why not...