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  Your grasp of financial matters gets no better Alexander.
  
  Lets be clear - the government were part of the problem of why the banks needed a bail-out. It goes direct to the action of Gordon Brown in 1997. In the regime that operated prior to the Brown changes the banks would not have been allowed to operate as ordinary business ventures taking the risks they did in the American market in particular. Brown, remember, actively encouraged the banks to take the risks, HBOS and RBS did.
  
  To bail them out the government bought shares in the banks providing the government with part ownership in the equity. That is not a loan but an investment. When the shares are sold the taxpayers will be repaid.
  
  I have previously mentioned how much money was involved, being borrowed from the market by the government and why it is important not to undermine the new bank management teams as they prepare the banks for re-privatisation.

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