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  I should point out Marek that Barclays, the bank discussed here, is one that turned down government bail-out money as it did not want its hands tied. A good decision. I should also point out that they are relatively untainted by the poor practises that have damaged many other banks like HBOS and Nat West. The point you make is not relevant.
  
  John - yes the root of the problem is a massive failure of the regulatory system since Brown introduced his tr-partied arrangement in 1997. This does need root and branch change, something Brown has failed to do, being unwilling to admit his failures.
  
  You are also right about the risk of hyperinflation with the 'quantative easing', government debt and failure to make cuts in public spending. I am not quite as pessimistic as that though as I believe there is sufficient room for some of this to be soaked up and while significantly higher inflation is almost certain in 18 months/2 years I do not believe it will get to the double digit, hyperinflation levels.

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