Why there should be a distinction between banking and car making

Do read Hamish McRae's article in the Independent this morning warning of the dangers of the government going down the route of supporting Jaguar and reminding us not to compare the situation with that of the banks

had the Government not rescued and re-capitalised the banks they might have gone under. A collapse of any large bank would be so catastrophic to the whole economy that it could not be risked. Cars matter but banks matter more. By contrast Land Rover and Jaguar have the backing of a powerful Indian industrial group; they have only been acquired a few months ago; and while Tata is under pressure right now, its survival is not in question.

Its a good point although I am sure that the public have yet to be convinced that saving jobs in the banking sector is more important than saving jobs in the rest of the economy