UK Rescue Package – what wrong with what the government is doing

The UK Government are going about it completely the wrong way. The problems with their meddling in the free markets are:
1. The amount of government money (our money) is small compared to the amount of money in the economy. So while it can act as seed corn money, it cannot determine what will be the end result. Instead they have spent huge amounts of our money which could disappear without trace and yet we will have to repay.
2. Interfering with the market will cause problems in the future when you try to unwind this interference.
3. While the free market has many imperfections, it is the best we have and it is the best anyone has ever come up with. Like propping up bankrupt car companies and propping up house prices.
4. Lack of regulation that banks properly reflect the value of their assets. The guilty ones are government, auditors, non-executives and, of course, the business leaders who got it so wrong.