Northern Crock 'run' could have been avoided

[Osem]

So says the guy who ran the FSA which hardly covered itself in glory during the banking crisis:

The run on Northern Rock could have been prevented, the outgoing chief executive of the Financial Services Authority (FSA) has told the BBC.

http://www.bbc.co.uk/news/business-18419434

But he said the Bank of England governor, Sir Mervyn King, said the central bank would not provide the money, while Alastair Darling, the Chancellor at the time, said nothing.

[Alan Fry]

But would have it still needed a bailout of Lloyds TSB in the process? (which they got anyway once it took over HBOS!)