They (indirectly) own land, give them money!

From Reuters:

Policymakers need to boost the UK economy by buying bad mortgages says Fathom Consulting's Danny Gabay. Former BoE mpc member Charles Goodheart adds UK may benefit from plan similar to U.S. TARP.

Eighty or ninety percent of UK banks' real assets (ignoring all the inter-bank stuff and derivative contracts shown gross) are loans secured on land and buildings, so indirectly, they are huge landowners (almost a third of UK land and buildings by value), so what do we give them..?

Via Alan at HPC.