What outrages me is that the banks are getting away with behaviour that would be heartily punished if we tried.
If you or I had bankrupted our employer by investing in things we didn't understand and incidentally plunged the world into an almighty recession, we would expect a bit of a telling off. In fact, we would expect to be fired without compensation, and spend the rest of our lives picking crops somewhere in the Fens at £5 an hour.
What we wouldn't do is demand the taxpayer picks up the tab for our mistakes. Or insist they reward us with a multi-million pound bonus package and pension fund.
No, we would slope guiltily home, draw the curtains, crack open a bottle of Scotch and reach for our old army service revolver.
At least in the Wall Street Crash, bankers had the grace to jump off tall buildings.
The simple reason the streets aren't running red with banker blood is that the average joe doesn't understand what's going on. Slowly though the scale of the injustice will likely sink in and once it does, well, I wouldn't want to be wearing a pin stripe suit.
We seem to have a problem with comprehending the size of this crime, the author of this article hit the nail on the head, this is corporatism plain and simple, privatise the profits, socalise the risk. Thankfully history provides examples of what happens when society becomes this unjust and I've already alluded to one such example.
Viva la 1789 ;)

