The BBC's Robert Peston once again weighs in with that English dry humor:
In my wilder imaginings over the years about the future of the public sector, it never occurred to me that one day as a taxpayer I would be financially liable for the overdrafts on 3.2 million UK retail bank accounts, £10bn of loans to British small businesses and a further £10bn of UK residential mortgages provided to 70,000 home owners.
He goes on to detail how the taxpayers of the UK will be paying for RBS into the indefinite future.
It's not pretty.
I wonder if this was assembled in order to be inexorably in place before next year's elections. Brown and Labour must certainly know they are on the way out.
Which raises the next question: What else do they have under their sleeve?
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