Bounce back loans

I hope the above is future credit-rating affected. Otherwise another one-way-street loan similar to student loans where the payback rate is negligible.

basically even to a loon like me
the loans that banks were willing to back to 80%, were to companies that might have warrented 100% loans

now the companies banks didn't think worth backing at 80% are going to be backed 100% by taxpayer

shouldn't it have been the other way round

I hope the monies loaned go on specific business stipulated and not some get rich scheme eg buying distressed stocks in companies; starting up a loan shark business; purchase another buy-to-let property or a (cheaper) holiday home abroad, etc.

5000 out of 8000 2nd home owners in cornwall most whove never rented their home out,have already claimed the 10 grand freebie grant on offer,so their ho.iday homes sorted thanks,