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  Mark that is I am afraid totally incorrect. In the absence of the taxpayer bailout, Barclays and HSBC would have mopped up the other banks for a couple of billion each, closed zillions of branches and shed hundreds of thousands of jobs. Both those banks were responsibly managed through the crisis and while they suffered losses, such losses were managed so that they were kept in proportion and never threatened the entire institution. What is certain is that those two banks were sound at the beginning of the banking crisis, sound throughout and sound afterwards.
  
  Late PS however Barclays did go to Abu Dhabi for a slug of equity which looked dodgy at the time but looks now like a smart move.

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