...lots of loose talk about Scotland being the new Iceland, and the crisis having a distinctly tartan look to it. Well lets look at the record. Scotland : Bank of Scotland (50% - given Halifax is clearly not a Scottish institution), Royal Bank of Scotland (which includes Nat West so lets call that 50% too), and Dumfermline Building Society. Total 2. Rest of UK : Lets call Halifax and NatWest one taken together, plus Northern Rock, Bradford & Bingley, Alliance & Leicester, Derbyshire Building Society, Cheshire Building Society, Scarborough Building Society, and Barnsley Building Society. Total 8. So it looks like 8 plays 2 or four times as many wounded financial institutions south of the border. OK I admit that this doesn't take account of the size of these banks and building societies, but I image it would tell a similar story, and it shows we're all equally culpable here. PS Don't mention the Scottish educated PM and Chancellor presiding over a decade of light touch regulation.