Feed the Vultures
Yep the Co-op bank got into a mess by not sticking to its roots as a non-high street bank but becoming overly ambitious as a high street bank with the ill conceived acquisition of Britannia and of the attempted acquisition of TSB and a massive failure in due diligence by another set of parasites.
The Co-op were not the cause of the banking meltdown. They had been delivering excellent service to us for over 50 years. So their/our reward is it is now in the hands of the very vultures that caused the crisis and our caring government appears to want to complete the process with a complete takeover by those too big to fail. Whose survival to extort more and clobber the competition was financed by us.
The irony, the irony. With current interest rates my mattress is becoming increasingly attractive ...