And so another bank goes bust and lands us, the taxpayer, with the bill. Bradford & Bingley is to be nationalised and broken up, the good bits given to other private institutions such as the Spanish bank Santander, and the bad bits taken on by the state. That's another £41bn of bad mortgages to add to the Northern Rock inventory of public restitution. Watch the Bradford & Bingley boss Steve Crawshaw, who earned a piddling £1.1m last year, fly off in his golden parachute. Where is my shotgun?
And so another bank goes bust and lands us, the taxpayer, with the bill. Bradford & Bingley is to be nationalised and broken up, the good bits given to other private institutions such as the Spanish bank Santander, and the bad bits taken on by the state.
