An excellent article turned up in last week's Sunday Times and upon re-reading it I decided that it would be worth sharing on here; not least because it would, in some part, explain my (perverse to some) views on the banking crisis and the joys of regulation (and how light touch regulation was anything but and actually a failure of heavy handed and misplaced regulation was much to blame). The following explains what I often by a lack of wit, voice or sobriety fail to get across in person:
Times Online Think Tank on Comfort Blankets
The cost and pain of this crisis looks to have been generally wasted because as a result we still have most of the big banking sector intact and, crikey, part government owned plus every reason under the sun for government to persuade us that more regulations are necessary.
That's what your debt of £25,000 each has bought you lucky people: more government. It's the gift that keeps on giving (as long as you keep on paying). Great. Not.
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