Obviously the Loony Party Financial policy of Buy Low, Sell High has been ignored yet again. We all face an uncertain financial future which has been created by the banks, and as usual no doubt, we the taxpayer will be bailing them out. No doubt the directors will be volunteering to have their massive wages cut. In normal practice if we dont do a good job, we get sacked. Big bosses get bonuses, golden handshakes and bailed out (and the occassional Knighthood). With the situation regarding HBos shares dropping by 75%+ over the last few months, and with the takeover by LloydsTsb today,  one wonders if the Halifax will still be giving us a little extra? or as is normally the case when banks get into trouble, making sure we pay as much as possible via charges and fees to get them out of trouble. Not to mention the loss of jobs for the employees of Hbos? Anyone seen Howard lately?

Another concern in all this is that the government has said it will overrule any concerns that competition authorities may raise regarding this takeover. This leads me to the question why do taxpayers pay for competition authorities if the Government ignore and override them?