HBOS merged into doomed Lloyds

The Guardian reports the meeting where the castrated shareholders of HBOS went along with those of Lloyds in agreeing the merger of the two banks which the mazed mainstream media insist on predicting will be a "Superbank" but in fact will result in years of debts for Britain's bankrupt mainly non-voting electorate and the nation's future taxpaying generation. Shareholders contemplating their long term losses and future bleak outlet are unlikely be comforted by this report of further management excesses involving a trip to New York for 100 branch managers and their wives that is in the Scotsman this morning linked here.