The political fall-out from Rock
| By Jo Coburn BBC Political correspondent |
Embarrassment for the man at Number 11 Downing Street
It was the announcement the government never wanted to make - taking Northern Rock into public ownership.
The chancellor had always said it was an option but it was certainly the least favourite.
So after four months of searching for a commercial buyer, it must have been a very difficult moment for Alistair Darling having to admit that the two private proposals on the table were just not good enough and didn't offer the taxpayer value for money.
At Sunday's press conference Mr Darling could hardly bring himself to use the dreaded N-word, opting to talk about public ownership instead.
Why such reluctance?
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