I swear, if one more loony lefty trots (sic) out the 'what you are seeing now is the failure of the markets' line I will be straight out to the shed and measuring off lengths of piano wire and searching for suitable weapons.
For one more time listen. What you are now witnessing is markets working brilliantly to smash up all the statist leftist meddling and messing about over the last, well, 20 years ish.
A perfect example of this is the FSMA 2000 whose bastard child the FSA has so comprehensively cocked up. As anyone who works in financial services could (and we did) tell you they would. Why? Because their rule book is an eight foot high tome of bureaucratic minutiae, most of which is just train spotting. It is nationalisation by regulation. And we all know what nationalisation does to any industry don't we?
How though do we get this out on the MSM? The BBC is completely corporatist and knows its own future depends on the continuing deceit of the lefties? Murdoch will go with whatever makes him money and power. The Internet does not yet have the penetration to influence public mood.
If anyone has a good idea, just marginally short of full insurrection, I'd be pleased to hear it.