FIVE HUNDRED BILLION POUNDS.
That's half a trillion pounds. For fuck's sake. Even Peston's pissed off:
BBC business editor Robert Peston says that if the deal is completed it will take the total support by British taxpayers to the banks to £1.3tn.
That figure, made up of loans, guarantees, insurance and investments, is equivalent to the entire annual output of the UK economy.
Christ, people were saying we were fucked months ago. This really, really is the final nail in the coffin.