the bottomless English pit just got bigger

Do you know that it's probably easier to throw public money at
a bank when it is owned by the public.
I'll bet we don't know about 70% of the money that is being
given to bankers for their worthless derivative paper.
and we never will.

However, it's strange how some of the banks don't seem to be
getting better, but instead are posting greater losses. I think
they're just writing off some of the bad paper, but not all of it.
If we knew the true size of it, there would be a lot of
'splaining to do. So , the shut up. Omerta.

The first neo-liberal who speaks up and says the government
should not meddle in the banking system will be the one whose
bank should be wound down and shut. If you got banks, 3 years
on that still can't make a go of it, that means they oughta
pull down their shades for good.

IshitUnot:

Lloyds plunges to £3.5bn loss for 2011
• Shares in Lloyds Banking Group biggest faller in FTSE 100
• Former executives could be in line for £2.2m shares
• Taxpayer sitting on £10bn loss on its 41% stake
• Bonus pool down 30% at £375m
• Average bonus for workforce stands at £3,900
* Comments (531)
Jill Treanor
* guardian.co.uk, Friday 24 February 2012 18.30 GMT
Antonio Horta-Osorio - Lloyds
Lloyds chief executive António Horta-Osório is cutting 15,000 jobs, on top of the 30,000 already axed. Photograph: Reuters
Four former executives of Lloyds Banking Group who last week had part of their bonuses clawed back as a result of an insurance mis-selling scandal may now be in line to receive shares worth £2.2m for completing the takeover of the troubled HBOS bank.
Former chief executive Eric Daniels, former head of retail Helen Weir, former insurance boss Archie Kane, and Truett Tate, former corporate banking head, could have shares that were awarded to them three years ago released in April.
Earlier this week all four had bonuses "clawed back" after the bank took a £3.2bn provision to cover compensation payments for mis-selling payment protection insurance. That provision plunged the bank to a £3.5bn loss for 2011.
With the three year integration of HBOS complete, after the loss 28,000 jobs and £3.2bn of integration costs, the chairman, Sir Win Bischoff, admitted that "with the benefit of hindsight now, obviously it [the merger] has not been as good an idea as people thought at the time - and that includes all the shareholders who voted in favour of it".