Saturday, 16 June 2012

Bailing out the bankers. Again.

They bailed the banks out in 2008. A second bailout followed in 2009. They pumped in extraordinary sums through quantitative easing which went directly to the banks. They repeated it again in 2011-12. This week the government announced another £140 billion of support for the banks.

Einstein once defined insanity as doing the same thing over and over again and expecting different results. I think he might have been on to something..