To support new lending? Of course, that is why we were putting all this money into RBS - to revitalise lending and thus the housing market. We were saving all our futures and hard working British families who needed a roof over their head.
A neat piece of social engineering is now under way - hard working British families have mortgaged their grandchildren's future to support RBS - and RBS today announce a £1.7 billion package to help re-invigorate the Scottish housing market........
The lending package includes £500m released through the Treasury's Asset Protection Scheme, aimed at bringing financial stability to Britain's banks during the global downturn.
Paul Geddes, chief executive of consumer banking at RBS Group, said: "Our message to customers in Scotland is very clear, we are now more than ever open for mortgage business. We hope the latest commitment goes some way to refuelling the Scottish economy and provides borrowers with the financial means to get back on track and realise their plans for the future."
Royal Bank of Scotland needs to declare whether it is a 'UK Bank' or a 'Scottish Bank' - some of us are beginning to smell a rat.