Taxpayers face a multi-billion pound bill with the forced nationalisation of Bradford & Bingley this morning.
The country's biggest buy-to-let lender will follow Northern Rock into public ownership after becoming the latest casualty of the worst economic downturn since the Great Depression.
The best bits of the bank - £22billion in savings accounts and 200 branches - will be sold to a rival institution, with Spanish bank Santander last night announcing it had struck such a deal.
The move would saddle the state with B&B's increasingly toxic £41billion mortgage book. Its home loans might even be merged with those held by Northern Rock.
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Once again The government has ripped off britain on a massive scale. The profitable bits sold to the spanish and the UK taxpayer landed with billions of pounds of debt!!!
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