Is the Government's Reputation for Economic Competence on the Line?

Ministers have discovered that merely yelling, don't panic, to save urs at northern rock just doesn't work. The government has done something quite extraordinary, in effect, offering a blank check to recompense every saver for every penny. Whether this will work, we'll know to morrow from the cues on the high street. But is the government's own reputation for economic competence now on the line? Us to speakof the first point of recapitalization, to save banks that would otherwise have collapsed. Not one depositor actually lost any money in i.