basically

Deborah Orr has written a fantastic article in The Guardian today that covers both this bit of news and this foobah, links them together and essentially says: ‘Duh.’

To quote the sublimely brilliant and succinct last paragraph:

“Basically, the reform calls for the ordinary money of ordinary people, who earn it, to be looked after with more caution and respect than the extraordinary money of people looking for speculative returns that will provide unearned income. After the hammering that ordinary people have been asked to take, in consequence of the financial crash, it is perverse and repulsive that this pair [the Prime Minister and the Chancellor] can even imagine that they have a mandate to shield the banks from a restructuring prompted by their own cavalier and foolhardy negligence. It’s an appalling affront to democracy, property-owning or not.”

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