Why is the UK Government putting so much into saving the banks and not the man in the street?

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Why is the UK Government putting so much into saving the banks and not the man in the street?

There must be no small number of UK citizens who are slowly sinking in a sea of debt and asking themselves" what did I do wrong?"

After all what did they know about Bear Stearns, subprime mortgages, toxic debt and global debt running into trillions of whatever currency you care to mention.

All that most of them wanted was to own their own home like Margaret Thatcher promised, a reasonably nice car in the drive way, 2.5 children smartly dressed with perfect teeth and all that was modern in the way of household appliances. What did it matter to a fair percentage of them that they couldn't afford to pay for them? The nice man at the bank kept on lending them more money to support this lifestyle, so why not keep up with the Jones family next door, who secretly were trying to keep up with you.

When all of a sudden the bubble burst, UK citizens were left in a state of shock and it seems that no-one is really capable of helping them. Unemployment is on the rise, house repossessions too. Many basically innocent people are facing a genuine risk all that they have built up will disappear. And is often the case, those individuals who are less deserving of government advice and assistance are getting it before them

So why are the government seemingly falling over themselves to protect the banks and more obviously the bankers who played a major part in the financial downfall of the UK.

A simple answer is that the Britain needs to have a banking system, the question is how large and far reaching does it have to be and who should be running it. These are issues that may be well above the understanding of the man in the street. However these appear to be the pressing issues for Messrs Brown and Darling for the time being. It almost seems inevitable that at least two of the major UK banking groups will gradually move into public hands and there are those that say this is not a bad thing, at least for the foreseeable future.

What the Government is trying to achieve s to stabilize the banks as much as possible, and they are using the taxpayers' money to do so. The toxic insurance scheme means that the Government is insuring shaky loans that the banks took on when they were greedy for profits and their managers were not just hungry but ravenous for bonuses. And the public will have to pay their bill and for years to come.

This is the situation that the United Kingdom finds itself in, and some experts say it could continue for up to ten years, although not at the same level of severity that we are going through today.

There are those that say that the UK Government are not doing enough to helping the man in the street to really understand what is going on, and what is likely to happen in the future. President Obama, who knows how to lay the internet like a violin, hastened to order the establishment of a web site to explain to the US public what was going on. Brown and Darling should rapidly follow suit.