Bank bail out?

[1ARMEDBANDIT]

In a nut-shell will this latest multi-billion pound bank bail out allow the banks to write off loans that`s owed by bad payers?

[rov1200]

Don't you think the banks are acting very selfishly? Taxpayers money has been pumped into the banks previously with the hope they will lend it. Now that has not worked we are on plan B. This is different in that the government are acting as guarantors in case the borrower defaults.

In addition �50 billion is being passed through the Bank of England to provide money for corporate companies to get the economy moving. Maybe the initial bank bailout was a disaster and they should have been left to stew in their own juice. Now with the government in control and nationalisation of the banks just one step away a catastrophe has probably been averted.

http://news.bbc.co.uk/1/hi/business/7837557.st m