One of the most remarkable things about the government bail out of the UK Banks, i find to be most ludicrous.
Lenders have to bring lending back to the same level as last year.
Well in order to get lending back to last years levels, lenders will have to allow people who cant afford their mortgages, to have mortgages. It was this fiasco that got us in this mess in the first place.
So we are back to where we started. Nothings changed. The government is to concerned about short term fix's and not really taking any positive action to ensure long term survival.
There should some long term action plan.