The City Uncovered.

Just watched "The City Uncovered with Evan Davis" on BBC2. Whilst still a newbie in terms of understanding how the city operates. it left me in total fear of what the UK Government has done by offering to insure the Banks bad debts. Add to the mix that Alistair Darling admits the scheme is unfunded i.e. In reality they have no idea how big a risk they are taking on. I can't help but worry about the unbelievable size UK debt will reach. It seems to me it could dwarf the UK GDP. I can only see one thing happening and that is we as a country will default. No wonder the Pound is taking a pasting as I don't think I am alone in my thoughts. Given Gordon Brown's track record for making bad decisions I can only see disaster.