Taxpayers might be pumping billions
into the banks, but that doesn’t mean we’ll be switching
from lenders to borrowers anytime soon, warns Danny Gabay.
As an impoverished student I once received a letter from my
bank manager (remember them?) asking me if I had not perhaps got our
relationship confused. You, he said, are supposed to be banking with
us. It took me a while to work out what he meant, but eventually the
penny dropped and so did my overdraft. But today, I could send the
same letter back if I could remember his name: you are supposed to
lend me money.
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