The government has now taken on the 325 billion pounds worth of debt from the Royal Bank of Scotland calling it a asset protection scheme.

It was negotiated through the chancellor Alistair Darling and Stephen Hester the new chief exec as RBS.

The RBS is leading the way with this scheme but Lloyd’s is close behind £250 billion of dodgy assets.

The whole idea behind the asset protection scheme is to stop banks having so much debt so they start lending again get all of us out of the crazy financial crisis.

Some how the tax payer will be getting £6.5 billion pounds of “SPECIAL” shares but they wont give the tax payer any until the RBS is making money again. To dumb it down the RBS will be getting £18 billion in extra capital and its costing the messily £6.5 billion. Good deal in my eyes.