Mr Mandelson said tonight that the government is not a bail out fund.
He was talking of the car industry.
Meanwhile down the road at the Treasury that is exactly what the government is – a bail out fund for mega banks which have lost mega bucks, still wanting to pay their top employees mega pay.
The contrast in treatment between the car makers and the banks is exteme.
When will they stop being such a soft touch for the banks, to put some fairness into the situation, and to put some discipline into those banks?