Northern Rock is a business which failed due to poor management. There might be a case for providing some support for investors. There is certainly no case for bankrolling shareholders. The Government wouldn’t bail me out if my business failed.
The truth is Gordon Brown made a hasty decision to support a failing concern. He and his puppet Chancellor should now do all they can to protect taxpayers’ money. If that means selling off the good bits whilst allowing the bad bits to go to the wall so be it.