Now it’s Gordon Brown’s turn, knowing that he is rapidly reaching the limit of what people will lend the country and with expenses still significantly bigger than income he needs to sell off whatever he can to remain solvent. But having already sold off the UK gold reserves well below the current market value he is now looking to sell off the Tote, Student Loan Book & Dartford crossing.

Surely the irony of repackaging student debt and selling it on is not lost on him!

It’s this practice of trading loans that got us into this mess, well that and the borrow to spend mentality that Brown has been pushing as the answer to our economic woes for the last year.

To make matters even worse there isn’t a lot of demand for loan books right now as most of the banks that were keen buyers of the stuff went under during the ‘banking crisis’ so that basically just leaves the state owned banks as a potential buyers. Which is effectively just moving money from left pocket to right pocket, also known as another election gimmick that might just win a few votes.