Surely, some banks will see this 'Offer' as a source of 'Cheap Money' , not all are in a financial crisis, not all will be willing to forgoe such an offer because they know if they don't take it another bank will. No wonder it was so over subscribed.

The government are desperate to stave off any signs of another Northern Rock fiasco and yet seem willing to lend our money at any price. The taxpayer is once again therefore being fooled and is being forced to foot the bill. The real culprits of the so called Credit Crunch should have their bonuses retracted and those banks that played such a pivotal role in this sorry mess be taken to court and if necessary shut down forever. Why should we pay for their 'Greedy Scams' for that is what this is all about. How many bank executives for example have retained their six figure bonuses on the back of their spurious lending activities and shady deals?

MikeL, Manchester, UK

Why should the BOE lend the banks money when they wont lend it out to customers.What happened to all those billions of pounds profits that they have made in recent years.Surely it hasn't gone on big salaries.What do these people get paid for?

stephen hulton, eure, france

I think it the whole system is corrupt, although this is just an opinion, as I’m not within the industry.

Why is it that the Banks can make Billions and when the going gets tough they seem to need support from the Bank of England – where are the retained profits? Probably somewhere along the line it will be the Tax Payer that once again foots the bill as with Northern Rock. All those Executives at the banks have been taking bonuses of Millions for taking our money and then when they collectively have didn’t seen the issues coming, there is no recourse.

How do they respond? They put mortgage rates up to protect profits whilst asking for handouts. Who pays the bill – the tax payer once again.

I’m sure in a year’s time the bonuses will still be flowing and the everyday tax paper will still be funding them.

I doubt anyone will read this, just needed to vent!!

Wayne - Oxfordshire

Wayne, Oxford, Oxon