The UK plan facilitates government intervention in two ways: it has put in place measures for banks that are solvent but possibly illiquid; and where solvency may also be an issue it has looked to recapitalisation of banks or nationalisation. By exchanging the money at risk in return for part or whole ownership, UK taxpayers share in the risk/reward - a socialisation of risk that would otherwise be solely borne by depositors and investors. Penalising savers when at a time of trying to overcome the excesses of an overspend culture would be counterproductive. Whilst executive bonuses are relatively small in terms of the real money at stake, policies to limit excesses do represent a big move to address issues of equality in society.
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