Some argue that bad banks should close rather than get a new life-support system.

The first year of the bad bank determines its success.

If not, the bad bank will easily end up in chaos.

A bad bank gets all the assets that are left after the credit work-out process.

In these areas the bad banks were created first, and then the financial system was recapitalised.

One of these conditions, number 7, refers to the bad bank.

Should toxic loans be put into a so-called bad bank?

"This is not a bad bank," said a banker who spoke on condition of anonymity.

But surely the real bad banks are the ones that got us into this mess?

During the evening, each offered a personal horror story of what big bad banks do.