The cycle has come full circle. After several decades, banks in US and Europe are now coming back into government fold due to the ongoing financial crisis. The latest banking group to come under government control is the UK based Lloyds group of banks which will now be owned by the UK government with 77% stake. The deal ensures that all further losses of the bank will be made good by the government to the extent of 90% , which looks very daisy. The real problem could be running into billions of pounds which the UK government cannot bear. The government actually does not have a choice, because it has to either allow the group to collapse which will be a catastrophe for the already damaged economy, or it has to bail out with further funds which it has opted for. God only knows when the