It’s inevitable that the banks will be recapitalised, probably this week.
It’s the other ‘range of measures’ that Cowen mentioned that remain a mystery. Here are some of the questions I think the Government, the Financial Regulator and the banks might be chewing over.
How do we recapitalise using taxpayer’s money but at the same time ensure that the banks are not penalised in any way?
How do we ensure that the greedy chancers who caused the crisis keep their jobs?