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  Peter
  HSBC received about $3.5 billion and Barclays about $8 billion from the AIG bail out, by US rather than UK tax payers, which helped them at a critical time.
  In addition, John Varley, the former chief executive at Barclays, said in 2009:
  
  "There are two ways I would say the system as a whole benefited generically.
  One was in the injection of liquidity undertaken by the Bank of England and a new structure put in place in March 2008.
  And the other was the making available of guarantees from government for funding undertaken by banks. It is important to recognise that in each case the banks were encouraged to use these new structures that were put in place and we did.
  It is also important to recognise that we were required and we did pay a price for these things, but I'm not trivialising the importance of the intervention. It was important."
  
  Barclays had also been keen to buy the Dutch bank ABN Amro and narrowly missed out to RBS. The deal ultimately brought about the collapse of RBS.
  
  Perhaps one man's 'responsibly managed' is another's 'luck'!

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