I gather from a combination of BBC news and the Guardian today that perhaps the government is in fact to take a seat on the boards of banks that we bail out. I guess that is progress of a sort. But it does leave a number of questions:

  • What will be the voting strength of the government on the board?
  • What wil be the voting strength of the government at the AGM?
  • How much influence will the governemnt have over the appointment of directors?
My guess, judging from what I've read is: not much.