UK Taxpayers Face ANOTHER Multi- Billion Pound Banking Scam Bailout!

Taxpayers could have to spend billions bailing out the banks again after massive and unexpected losses were disclosed by Britain’s new superbank.

Shares in Lloyds Banking Group fell 32 per cent to 61.4p yesterday after it reported losses of £10 billion in HBOS, making it worth far less than thought when it was taken over in November.
The news, a huge embarrassment for Gordon Brown, who helped to broker the deal, triggered speculation that the bank will have to come back to the Government for more capital.

Alistair Darling, the Chancellor, defended his role in helping to push through the takeover, saying: “We had a matter of days and then hours to stop the entire banking system collapsing.”

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See how darling uses the same old excuse of fear and panic if we hadn't have done it a tactic used by Bush( Patriot Act) and Obama with the present bailout.

Enough Is Enough LET THEM FAIL!!!

Disgraced Boss Behind HBOS Bank Debacle Back on £60,000 A Month

The disgraced head of Halifax Bank of Scotland will be paid a staggering £60,000 a month to oversee tens of thousands of job cuts at the stricken lender.
Chief executive Andy Hornby will receive the fee for helping Lloyds TSB with its takeover of HBOS, a controversial centrepiece of the Government's £37 billion nationalisation of High Street banks.

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