Ok - I'm hacked off today. Not happy with increasing the tax on the people who can least afford it, the government has now seen fit to use those same people's money to bail out the fat cats who got those same people into debt through irresponsible lending.

I don't know ho we can stop these old farts and their cosy little boys clubs, it seems they can get away with anything! Now correct me if I'm wrong but I thought the whole idea of the free market was that "shares can also go up and down, your home may be at risk if you do not keep up repayments on a loan blah blah" UNLESS YOU'RE A BANK!

If you're a bank, then you can make sure all the directors and senior execs get huge bonuses by facilitating people into debts they can't really afford without getting another loan. Then, when the house of farts comes tumbling down, wafting its foul odours across Europe they can run to the arms of the other old farts (who they also went to school with, but in a different house). Being part of the same "club" they say "hey no probs... you know those people you lent too much poorly secured money too, well why don't we get them to buy you out of your problems, hey we can even raise their taxes to cover it. hey why don't we get rid of that pesky 10%"

Ok so none of my ramblings are strictly accurate or directly related, BUT really how stupid are we to let them get away with this ridiculous series of interventions. It seems that banking and the financial markets have forgotten the premise of their own trade, things go down as well as up! If we interfere with the downs and insulate them from these impacts then what is their incentive to act responsibly in the first place. They can't have it both ways, privatised when they are making profits and nationalised when they aren't!

My view - let the economy go into drama and crisis, let the banks suffer, let them learn their lessons so they don't get us in to another mess like this again for a long time (until they have forgotten the lessons - normally 2 or 3 generations!). Yes some people will suffer, but in the long run it will likely result in a correction in the property market, making houses more affordable, and hopefully making consumers more cautious and intelligent about debt.

Here endeth the lesson...