BETRAYAL OF BANK OF SCOTLAND CAN BE REVERSED

So the media would have us believe that HBOS (Halifax Bank of Scotland) was about to do a Northern Rock and collapse. It needed 'White Knight' Gordon Brown to ride in on his white horse and 'save' the bank by selling it at a tenth of it's value to one of it's major rivals.

I'm sorry but I just don't buy it. Luckily it's not over yet. Shareholders can save Bank of Scotland by rejecting this deal. HBOS share price would have recovered. It is actually a bigger more effective bank than Lloyds TSB with a larger market share. The Halifax merger may have weakened it but it had retained most of it's independence and the HQ was controlled in Edinburgh.

Instead we are looking at a new massive bank which will reduce competition be based in London (not Edinburgh) and will kill the Bank of Scotland's legacy as our only Scottish bank which has survived since the days of independence.

Brown brokered this 'deal' without regard to the Scottish national interest but I hope shareholders will feel differently about the future of the most important bank to the Scottish economy. I have my bank account, pension and mortgage all with the Bank of Scotland. If this deal goes through I will move the lot to RBOS and many others will do the same.

Banks 'belong' to the depositors and the staff not just the shareholders. The chief executive no doubt needs to go but the bank itself can and should survive. I feel nothing but disgust for the treatment of this ancient institution by BritGov, it will be remembered for a long, long time if this betrayal of Scotland goes through.

Count on it.