mockney piers wrote:-so not sure why the thought of AIG going tits up or lloyds 'folding' would be so welcome. Not at all welcome as far as I am concerned mockers, when these things collapse, no one knows the depth to which it will fall, and re-starting the economy from a position of debt makes it more difficult to rescue. When a bank gets bailed out like Northern wreck, it is tougher to save the next one, so now they just merge and hope that the all important confidence, is maintained. A few years ago Lloyds brokers were in the news when they had a number of syndicates go to the wall and it was described as a house of cards due to lots of reinsurance business being connected, no one realised how shakey it all was. I personally much prefer to maintain the status quo rather than any dangerous financial failures.