BROWN SOLD PEOPLE A CON WITH HIS CUT AND SHUT HBOS/LLOYDS MERGER.

BROWN SOLD PEOPLE A CON WITH HIS CUT AND SHUT HBOS/LLOYDS MERGER.

LLOYDS BANKING GROUP BAIL-OUT EXPOSES CULPABILITY GORDON BROWN.

Commenting on reports that the UK Government is close to a £250bn bail-out deal with the Lloyds Banking Group, SNP Treasury spokesperson Stewart Hosie MP said the Prime Minister had “sold a con” to the country by pushing through the HBOS / Lloyds merger.

The asset insurance scheme deal will see an increase in the taxpayer's share in the bank from its current level of 43% to as much as 70%.

Commenting Mr Hosie said:

“It is now plain to see that Gordon Brown sold the country a con with his cut and shut merger of HBOS and Lloyds.

“The Prime Minister boasted about saving the banks, but it is clear that his meddling has made things far worse.

"This confirms the Prime Minister is "culpability Brown"

"Scotland was continually told, and so were the courts, that a merger with Lloyds was the only way to prevent HBOS being nationalised.

"Now we see the Lloyds Group - not only HBOS but Lloyds TSB too, effectively falling into public ownership.

"Gordon Brown's claims to "save the world" fall further apart every day.

"When Gordon Brown gets to Dundee today he should start by apologising to the employees, account holders and shareholders who were sold a con by the Labour government."