Darling struggles Mervyn King Govenor Bank of England spills the beans on Northern Rock

After the Chancellor and his boss, predecessor Gordon Brown prevaricate and think they know best Northern Rock Plc suffered one hell of a lot, savers and depositors feared the worse and despite attempts to re-assure them, failed to trust a Government that stood by on Pensionsfiasco, British Rail, Network Rail and Railtrack and, wasn't Alastair Darling involved in some, lots maybe, of that?

Equitable Life Gordon, remember that? BCCI & Barings Alastair, remember those? And you expected people to beleive you? Pah!

Mervyn King had told them what to do - we blogged weeks ago that LIBOR facility ought to have been replaced BofE fund, banks send surplus to BofE and those seeking funds apply to Mervyn and The Old Lady of Threadneedle Street direct, secretly, covertly and no one knows the difference - simple eh?

Banking collapse can happen and this mis management did nothing to help shun such a run on a bank