RBS were just doing what bankers did in those days, they just did it spectacularly badly and left the bill to us, i.e. no moral hazard. I don’t think government ownership of the banks is a good idea, look at the Spanish Cajas for example. The Nationwide might be a more stable model to follow. I believe the our new government is keen to encourage this type of enterprise, although finding and getting to the correct scale of operation might be a problem, our old banks are so very large.