I watched Capt. Darling on Newsnight last evening explain how he was going to increase government borrowing to cover the bailout plan for the banks.

Now, am I the only person confused by this? I mean from whom will he borrow the money. There's only one man who can explain this - Wat Tyler over at Burning Our Money. Wat explained in an email that Badger intends to borrow the money from the banks.

This means then that the taxpayer is borrowing money from the banks to lend the money back to the banks so that the banks can lend that money to each other.

I give up.