Have we really not reached a point yet when the bailouts have been exposed as not effective? I am fed up of seeing my tax money go into saving failing companies and failed directors.
I would really like to see a line drawn on the sand. We should no longer be bailing out financial institutions for their failures. We should honour the £30,000 guarantees, but that is all. Lets at least say, in future no more.
At the moment, troubled financial institutions who are on the brink, possibly because of poor management, possibly not; they might as well roll the dice and take some big risks, there is no disincentive now against it, because what the hell, UK PLC will be there to bail out their customers.... No company directors have as yet been prosecuted for widespread financial mismanagement.
Where will it end?
Did you vote for the bailouts? no, me neither.