erm, I was replying to the points you made, which were factually incorrect.
You stated
Quote:
|
A bank is a private business, and is not funded by taxes.....simples!!!
|
What were the £50 billion of bail-out and £500 billion of guarantees, if not funding*?
And my comments are factually based (unless, of course, I am wrong in that the UK Government did not provide up to £50 billion in taxpayers money to bail out the banks and another £500 billion of taxpayers money in guarantees, and also own 83% of RBS and 41% of Lloyds/HBOS?).
*OED definition of funding - "
money provided, especially by an organization or government, for a particular purpose"