That´s what we ware paying taxes for ! To help failing business models out of their mess ! If you are in trouble and your business is large enough and utterly important for the well-being of our "democratic" macroeconomic outlook => ask your local parliament member for some "moral hazard" interpretation !
just sold all my long with a small profit. I think this is a scalper market. Tough to keep positions even with dynamic hedging.. Need some vodka to relax now
If Northern Rock was allowed to go down that would be the end of Labour in government, people would have blamed the government for not intervening, they had to do it, out taxes will go up again though.
That´s what people do not understand ! Government is spending on rescuing Northern, but through the back door they will "repatriate" these "expenses" by hiking their "income base"... Funny expression "income base"....ha, ha, ha....
People start caring once money's too tight to mention for majority, herd mentality. If I was to stand at good old Speakers Corner most will turn a blind eye to actual truth, until the time debt management becomes impossible to manipulate.