Nick <[EMAIL PROTECTED]> wrote:

>Still, it's good to see that letting the market do it's thing has worked 
>so well for HBOS - to name but one.

Quite right.  HBOS made a mess of it, and its share price duly
dropped.  Barclays reckoned it could profitably clear up the mess, and
bought up the shares.  

The inept lost out; the entrepreneurial may do well; the public purse
was little affected.

Sounds about right to me.  

Adrian

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Adrian Stott
07956-299966

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