After a serious run on the bank, Northern Rock has effectively been dug out by UK taxpayers after a guarantee was given that all deposits were safe. As a taxpayer – and incidentally I also have some money in a Northern Rock structured product – I think this is outrageous. The UK supposedly has a socialist government, so why didn’t it nationalize Northern Rock? We’re told the bank is solvent, but at the moment UK taxpayers are exposed to the downside, with no potential upside benefits, including the imminent dividend.