Easy access to your cash vs. Govt bureaucracy

Alastair Darling stepped in and guaranteed Northern Rock savers that their cash was safe. Will that be the end of it?

If I were an investor who had concerns about Northern Rock I am afraid I would still take my money out. Simply transferring your hard earned cash to a "safer" bank or building society where you have easy access is surely a far better option than the mass of red tape and Civil Service bureaucracy that would be involved in claiming your money back through the Treasury - a system that would inevitably mean months worth of delay before getting anything back.