QE wasn't 'our taxes', grannypauline, it was completely new money issued by the Bank Of England.
And the government 'bought' 2 banks, RBS and Lloyds, which the tories eventually sold back into the private sector at a loss...
If the government hadn't rescued the banks 'ordinary' people who had accounts with them would have lost their money. I don't think that people understand just what the implications of that would have been. Millions of citizens suddenly having no money.
Of course, prosecuting bankers would have been a good idea, but I think Iceland was the only country that had the nerve to do it.
As it is, Labour have been completely unfairly castigated for the last decade for averting financial disaster for the UK...