£40 Billion Bail Out

I dont really understand why the Government has to step in and nationalise Bradford and Bingley. After Northern Rock last year and the powers that be spending all of the money the country had thanks to their wreckless spending spree in times of wealth and not saving enough for these hard times. So with the treasury empty and at a time when incoming monies are at an all time low due to lack of income. Income tax is down, Stamp Duty sales have all but dried up. So where the heck are they supposed to find £40, Billion to bail out building society Bradford and Bingley. Thats over half a Billion for every person in the country. I think they said that the US efforts of their mega 700 Billion Dollar injection worked out at around $2200 per US citizen. In our small Island doesnt it equate to more than half a billion pounds each for every one of the 60 Million people here?

So because of some greedy bankers lending to money to people they should not have the whole country has to pay. I've said it before, my proposal would be to let the bank fail. If you own a mortgage with them, congratualtions, your house is free now. Give the half a billion each to every citizen and think of how the economy would boom. I know inflation would go mad. But it sure would be fun.

I did manage to get to bed early but have been waking on and off throughout the night. The weather has changed, with mornings feeling chilly and the deffinite feel of winter approaching. With the cost of fuel at an all time peak we apparantly hear that due to essential maintenance this year we may have black outs due to lack of capacity at the Power Plants in this country. A definite case of too little too late. The new set of nuclear plants wont be ready for over a decade. I have to wonder rather than nationalising banks that stupidly leant should be not spend the £40 Billion on building our own power stations so we can supply our own nation with affordable electricity as the winter dooms?

I actually dont even think this government could organise a drink up in a brewery.