Here we go again.
The banking collapse was caused by the deregulation of the industry in the 1980s this eventually led to the betting shop that became. Another direct result of this was irresponsible lending to people who had no chance of repaying their loans which were often secured on properties that turned out to be worth nowhere near the values put on them by the banks which advanced the loans.
Yet another result was the willingness to loan money to anyone who could sign their name on a piece of paper.
Had the collapse happened under this administration they would have done EXACTLY THE SAME as the government did in 2008, they have admitted that. They would have had no other choice but to do so, it was a necessary evil to avert the catastrophe that would have followed.
Now, the next thing that's usually said is "Ah but Labour were in power for 13 years and did nothing to reverse the deregulation" well that's a pretty shallow argument because this lot have been in power for 4 years now and have done nothing either, nor are they likely to.
I'll acknowledge that tory-lite are unlikely to re regulate the industry, that does not mean that it does not need to be done.