Listening to the Chancellor he apparently needs to be careful when bailing out an institution that just loses a few tens of millions, whereas he was remarkably careless when bailing out RBS, an institution that lost £24 billion last year.
Beneath all that spin, it sounds as if the taxpayer is still going to end up owning or guranteeing the bad loans and poor investments Dunfermline has made. The poor old taxpayer may have to to carry the can, so it is just spin and positioning. Attempts to make out they lost in US sub prime seem to be rebounding, as it looks as if the losses have come from British business made by a Scottish institution under the not very watchful eye of the British Regulator.
PS: It is unusual for third parties to be discussing in public what to do with a Building Society or other institution against the wishes of that institution and without talking to the Chairman of it first. The government needs to make sure that what it is saying and doing either has approval of the members of the Society or is covered by some regulatory power they intend to use. This would be best stated openly so the Institution itself understands what is going on and can then co-operate with the regulator.