A year ago would anyone have thought they would stand a chance of requiring the depositors guarantee in our modern society.... I saw all the debt people were accruing and I suppose on a down turn the alarm bells should have rung... but I for one didn't see this one coming as having the dramatic effect it has.
A useful little analogy heard on channel 4 this morning I took a liking to. The present turmoil is akin to your house being on fire and it rapidly spreading.... its not the time to find out how the fire started, nor is it the time to look at the building regs that allowed it to be built to a poor standard.... or to prosecute the builder who used inferior materials in its construction or indeed the local council building inspector who took a backhander from the builder for turning a blind eye. The focus now should be to put all hands on deck to put out the fire..... but the time will come for retribution.(last bit is my interpretation)