Lots written today about the Bank of England not disclosing the size of the loans to the bust banks last year. Some truth in that they could perhaps have been fully open beforehand.
However, the idea of a lender of last resort is that you take effective action and this is certainly one of the few times the Bank of England made the correct decision in the credit crunch.
Also, in its own way the Bank of England balance sheet, published weekly, made it quite clear huge sums were being lent, but not to whom. However, it was not rocket science to guess who was big enough and desperate enough to want the money; just check out the collapsing share prices of the biggest banks!
So all in all this is a bit of a storm in a teacup as I see it. If small shareholders in Lloyds think this is yet another aspect of deception then so be it; why don;t they campaign for Eric Daniels to go, he after all is the remaining architect of the deal?