Exactly what I'm saying. The 'free' market does not work. It's all very well Gordon Brown saying this in his speech last week, but he should have done more to stop it from happening in the first place.
This goes beyong politics though. The Tories would have done little to regulate City practices as they have wet dreams about the 'free' market.
Building an economy on unrealistic house price rises is foolish. Forgive me if I don't feel sympathy for people who tried to cash in on the housing market by buying to let. All they did was fuel the housing market and make it nigh on impossible for anyone to get their first foot on the ladder. Forgive me if I don't feel sympathy for the City bankers who have trousered a fortune with their irresponsible trading, but may now lose their jobs (I'd prosecute them for fraud).
I do feel sympathy for the average working man/woman. It is us who will pay for all of this. Higher taxes, worse public services, greater job insecurity.
Thanks a lot you greedy bastards.