The statement by the Treasury can be found here:
Banks
One point that has been overlooked is the taxpayer is getting some assets in essentially sound and profitable businesses which have taken a short-term knock from the freezing of the wholesale money markets. So the Government could actually make a profit on the transaction.
George Osborne tried to score a cheap point last night about taxpayers paying for bankers' bonuses which was surprising given that the Conservatives have been claiming to be bipartisan and responsible in the crisis.
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