Chancellor George Osborne said he thought it was "unlikely" that RBS could be sold off and returned to the private sector before the 2015 general election.
I think, sadly, it is still some way off.
I think, quite frankly, it is unlikely before the general election.
If there was a transformation in RBS and all these problems that it has to confront were dealt with much more quickly, maybe we would reconsider.
But I say 'unlikely' in the real sense of the word, which is I don't think it's very likely.
George Osborne has been talking today as if RBS is at the start of a significant transformation, but not much appears to have changed.
There will be no 'bad bank' - Mervyn King's demand to split and sell the bank we own has hit the buffers, once and for all is the idea.