I'm thinking of what Agnes wrote: that this is a game with winners and losers, and until everyone is a guaranteed loser they'll keep playing it. But I may have got that all sideways and backwards. Don't fight forces, use them R. Buckminster Fuller.
The taxpayer, of course. Financial institutions cannot be allowed to fail. Those whom the Gods wish to destroy They first make mad. -- Euripides
Technically: Is it possible to think up a law that would protect individual investors while pushing the risk back onto...well...this really isn't my field at all. Corporate investors? Investment houses? Those who invest about £X in a deal?
Politically: Gordon Brown (as an example) seems (or seemed?) to have the ability to understand such issues, and he doesn't seem the type to give tax money to financial institutions unnecessarily, so is there part of the system that ties govts. hands? Don't fight forces, use them R. Buckminster Fuller.
But banks are quite big these days, so they will take a lot of the losses before it costs money to the taxpayer. We'll see. In the long run, we're all dead. John Maynard Keynes
