So what happens to the money? On the one hand we’re told taxpayers to make £27 billion profit from bank bailouts instead of the £850 billion loss some predicted and on the other we’re told pensions require funding boost as they’ve whopping deficits.

So the government can make money from buying and insuring assets so toxic that they’re guaranteed to lose money whilst our pension funds can’t make money from assets that shouldn’t lose a penny?

Something smells here and it’s the salaries and bonuses of bankers again – whether our pension funds win or lose they still bank huge wads of cash.