http://www.channel4.com/news/article...+banks/2490517
We are all about to become part-owners of Britain's biggest banks.
Channel 4 Newsunderstands the government will announce before the markets open it is going to spend billions of pounds of taxpayers' money on a stake in almost every UK high street bank.
Gordon Brown and Alistair Darling have held emergency talks with the Bank of England governor Mervyn King and the Financial Service Authority's Lord Turner.
The pressure to agree a deal follows yet another day of sharp falls in banking shares and its been the banks that have pushed the chancellor into coming up with a plan sooner, rather than later.
from ch4 news website..