Banks go begging

[Oscar Namechange]

The Daily Mail monday October 13th

Britain's leading banks will today come cap- in- hand to ask taxpayers for £40 billion in the biggest nationalisation in history.

That will effectively put the state in control of lenders and could mean government-appointed- representitives with a city background taking seats on their boards.

The unprecedented outcome is a humiliation for bosses of the big lenders- one, RBS chief executive Sir Fred Goodwin, is expected to announce his resignation.

Tory leader David Cameron led calls for others to follow in his wake, saying he would be "very surprised" if bosses asking for taxpayers money stayed in their jobs"



Not all bad then??