There is indeed one. Largely caused (in my highly partial opinion of course) by the way in which the public sector unions have managed to ransack the public finances for their pensions.
Opinions do differ of course:
The point is that Bob Diamond is wrong to say that the time for recrimination on banks is over. This failure is another consequence of banking recklessness, and may require yet more bail outs. We’re a long way from being out of the woods yet.
Yup, that\’s right. It\’s all the bankers fault.
I\’d love, seriously, I\’d just love it if someone could connect those dots for me. I\’m entirely at sea…..