Former Labour Chancellor Alistair Darling warned Mr Osborne against "overselling" the move because it "would not have stopped the failure of Northern Rock or HBOS".

BBC: Osborne confirms bank ring-fencing

We should perhaps also remember, the toughest ring fence in the world would not have prevented the failure of Northern Rock - which did not have any "risky investment bank activities" to speak of.

BBC: UK banking reforms: What's new?

Clinton was so upset by the Democratic nominee's failure to punch back that he flew from Little Rock to Boston to tutor Dukakis staff members on the wisdom and methods of rapid response.

CNN: It's All In The Timing

The British government earned deserved criticism for its failure to act speedily and decisively over the collapse of Northern Rock.

ECONOMIST: JPMorgan Chase takes over

Although barely visible in the air, the ash -- made up of tiny particles of rock, glass, and sand -- poses a serious threat to aircraft, stalling engines and causing electrical failure, experts have said this week.

CNN: Air travel paralyzed as volcanic ash cloud lingers