It seems to me that the best way of seeing what the investment institutions are proposing is as a short cut to something that's notamillionmilesfrom an IPO - since these are exactly the kind of funds that would buy the shares in a stock market flotation.
BBC: Investors want to buy RBS's Williams & Glyn's
2.
The losses of Royal Bank of Scotland in the last crisis, over three years or so, would not be amillionmilesfrom that.
BBC: Osborne and the safe size for British banks
3.
In summary, Garage Inc works because the material chosen is notamillionmiles away from the band's own repertoire - I'm looking forward to the sequel - 'Metallica play Manilow'.