Labour adds another £40 billion burden for the British tax payer
Alistair Darling completely forgot to mention the fact that he would be forced to plough at least another £40 billion into RBS, Lloyds and Northern Rock in order to create 3 new banks, whilst singing his own praises on the politics show on Sunday morning. Nothing like transparency and openness!!!
Mind you, what's another £40 billion of tax payers money when you've already thrown £1.3 trillion at the problem!
He talked about our banks that " got far too exciting and too interesting with catastrophic consequences " ( roughly translated that means ' that the very lax and poor financial regulations that had been put in place by Gordon Brown to monitor and regulate banks were completely useless ') and then having " stabilised the system " ( roughly translated that means ' we'll throw as much public money into the bottomless financial pit ( £1.3 trillion at the moment and counting ) as we see necessary in the hope we might avoid a chronic depression in the UK ' ) he moved on to talking about "a safer more competitive banking system " ( roughly translated that means ' we've let the banks and financial institutions run amok unmonitored and unregulated, and we've now got to implement some proper regulative powers and far stricter business practice guidelines ' ).
He also forgot to mention that it was the EU that told the British government that they had to break up the banks to create a more competitive market under their strict state aid rules.
Alistair Darling is still living in an expenses induced fantasy world where all is bright and happy - he needs to get down to grass roots and speak to the man on the street to see what's really going on in the UK right now.