I see it as theft.

He sees it as a payout from his bank.

But in doing so he puts the blinkers on and ignores that the tax payer did not ask to bail out his bank, the tax payer was informed that they would be bailing out his bank.

What the tax payer certainly did not expect was that their money would be used to reward the guy who brought the bank to the brink in the first place.

It was a most elaborate con trick, so adept that he even fooled himself.

A man with no qualifications in finance becomes head of a bank - and nearly destroys it and then makes off with millions in rewards.

At least in the film "catch me if you can" starring leonardo di caprio in the true life story of americas youngest con artist, he was caught.

If Sir Fred had the remotest shred of decency he would thank the public on bended knee for a consierably smaller sum.