Saturday, September 17, 2011

Heads I win, Tails You Lose.

That's the business proposition of the global banking elite. If they win, they get rich. If they lose, they get bailed out and maintain their lifestyles.

Anyone who thinks this is sustainable as a political model is insane.

John Gapper becomes the latest FT columnist to line up in support of "ring-fencing," as proposed by the Vickers Commission.