Gordon Brown gives peerage to Banker,and makes him a Minister

"The Telegraph can disclose that Mr Davies will become a peer and serve as Trade Minister under Lord Mandelson after the personal request from Prime Minister Mr Brown"
....He was central to the original banking bail-out in the autumn."

So, "Gordon Browns plan", a pale copy of the Swedish bank rescue plan of 1992,was the product of the thinking of a group of Bankers. Now our Prime Minister - in an obvious panic- wants one of those responsible for the first failed plan to come up with another or two. And throws in a peerage as inducement.