£1.3bn bill for taxpayers after failed bank deal
Don't worry about Lloyds feelings though as they've just announced that they've made a pre-tax profit of £2.04bn in the first quarter of this year. Great.
We've already given Lloyds £17bn and now own 39% of it, but y'know, it isn't like they have to buck up their ideas and start being value for money or anything.
Because of all this, the Treasury is looking at dumping Lloyds back into the market, provided their shares reach 61p (they're currently 55p). Of course, if the government sell Lloyds off, it'd be foolish to think that we'd see any of the money, but there are politicians hoping that this will be the case.
The Morning Star say that a "re-privatised Lloyds would leave a trail of economic ruin. The bank posted losses of £570m for 2012, with £4bn burned away compensating ripped-off customers for missold PPI and interest rate swaps," which is cheerful.
The whole thing is a farce isn't it? We should all draw our money out and hide it under our mattresses and let the banks whistle.