Building society to be bailed-out 42 minutes ago "The Government said it was stepping in to bail-out the loss-making Dunfermline Building Society. Scottish Secretary Jim Murphy said that the society was facing "real and severe difficulties" as a result of "reckless" decisions by the previous management. He told the BBC News channel said that the Government was now looking at a range of options, including underwriting some of the institution's "toxic" assets." http://www.google.com/hostednews/ukpress/article/ALeqM5hO7L24jjJnEe7nD0uEyJN4C9Ymgg Hurrah! What? Oh bugger!!! Loss-making Scottish building society to be sold Sat Mar 28, 2009 5:40pm GMT "LONDON (Reuters) - Scotland's biggest building society, Dunfermline, is to be put up for sale after the British government decided not to rescue the struggling lender, Scottish authorities said on Saturday. Scotland's First Minister Alex Salmond said Britain's finance ministry had rejected a bailout after talks with his government and the building society. "(We) are deeply disappointed that the Treasury now believe it is not possible to sustain the society as an independent institution," he said in a statement. A spokesman for the Scottish government added that the lender would have to be "put up for sale" because it could no longer operate as a going concern." http://uk.reuters.com/article/businessNews/idUKTRE52R1J720090328 .