The banks went tits up also but where bailed out by you and me care of the State Guarantee. (Oh sorry, the depositors and bondholders only). The result of which, an awful lot of good people are paying extortionate variable mortgage rates and getting no interest on their deposits.Going bankrupt is ok then? We all know the law allows it but it's morally wrong and leaves an awful lot of good people up the swanny and their families too. Yates owed people money and if it was owed some of the people that think bankruptcy's ok, they might have a different view of things.