NATIONALISATION IS NOT A FOUR-LETTER WORD

So. Gordon Brown is so scared of the N-word that he is opting for a deal which is likely to seriously annoy taxpayers. Well done. Apparently, he's cooked up some deal with his China travelling companion Richard Branson which will mean US having to subsidise the Bearded One's plans for ( you guessed it) Virgin Bank.
According to today's Telegraph Brown has sanctioned the deal, which will see the taxpayers' debt "parcelled up" and sold to institutional investors, repayable over a number of years, in an attempt to avoid the "political stigma "of having to nationalise a bank.The Government will underwrite the debts and Virgin is the front-runner
Branson says he has a "winnable" bid and that he will rebrand the lender Virgin Bank.
It is ludicrous and a disgrace that Brown's Thatcherite faith in free markets is allowing him to play silly buggers with billions of pounds of taxpayers' money. Even the extremely moderate Steve Richards, of the Independent, agrees with me!
http://news.independent.co.uk/business/news/article3356208.eceney. And Branson can't lose...