Taxpayers heading for a loss of nearly £100 billion

Telegraph
"The total taxpayer investment so far is £45.5 billion. That's £15 billion in October 2008, another £5 billion the same month and £25.5 billion this month. Next up is the taxpayer insurance for £325 billion of toxic RBS assets. Not all of that will turn bad, but bankers and analysts close to the situation think the taxpayer's loss from this aspect of the rescue will amount to £50 billion. Add the two together and that makes £95.5 billion. It is almost three times the annual defence budget (£35 billion) and not far off what we spend on Health each year (in excess of £105 billion). It is crippling and will end up on the national debt. And this is for just one bank; there is also the toxic stew of Brown's Lloyds/HBOS hybrid to consider."