Well they could start by letting the bubble that caused

all this burst instead of falsley propping it up. In the US, Spain, Ireland house prices have plummeted to represent their true worth. Trouble is we now all know that MP's were part of the whole property bubble against which money was lent and the super rich became uber rich and they will do anything to prop up prices because the banks are scared stiff of defaults. What should've happened is:-
1. There should've been arrests made in banking where there were obviously dodgy dealings that led them to get in the mess (for example Libor).
2. One or more of the big banks should've been either allowed to go bankrupt OR nationalised but NOT propped up by the tax payer (deposit accounts could've been protected by the tax payer).
3. The bubble against which all this cash was loaned should've been allowed to burst.

What did happen is that a few people made huge amounts of money and then walked away from the whole disgraceful debacle with their wad and allowed the taxpayer to pick up the pieces. Trouble is that what came out in the MP expenses scandal was evidence that they were also benefitting from it and thus had no appetite to go after the perpetrators.

If what had happened in the UK had've happened in a South American country our politicians would've been queueing up to cry corruption and 'banana republic'. As it was they've done next to nothing to bring the guilty to account.

There. got that off my chest!

Posted By: Chopper, Dec 5, 15:04:06