OchEye The News

When BoS, the staid old maid of Scottish banking decided to be adventurous and try and take over Nat West it was the same daftness that over took Scotland in the Darien Scheme.

Low and behold, RBS nipped in and took the prize, the BoS suddenly became vulnerable. and in stepped the wide boys from Halifax to save the day.

The model of giving out mortgages an loans at ever increasing amounts and lowering the requirements seemed to be a quick way of making bonuses oops sorry, money. This was a reasonable assumption, and the loans could be off set to other banks or "charities" in the Channel Isles.

Then bringing in the Whiz Kid from Next to run the operation was like putting a child in charge of a sweetie shop.

Little wonder that the HBoS operation was a target. The Kid didn't know which way to turn when the bullets started flying in his direction.

Never mind, a £2 million pay off, and I'm sure that he will turn up again to ruin another company.