Like a pyramid sales scheme when it collapses some poor sod has lost
his shirt and in this case it's all of us.
The ordinary tax payer.
Our great bank regulator Gordon the financial genuis who failed to
regulate the banks and allowed a borrowing spiral is now going to save
you with your money and the populace is rejoicing. Current State
borrowing is 43 % of GDP and rising rapidly; disguised taxation has
risen rapidly.
Where do think the money to bail out the banks will come from - from
you and you and you. A declining GDP will mean higher taxes or a
transfer of money to the State by the simple expedient of reducing
interest rates to a negative real level.
Watch out for further attempts to save you and be very worried.