Credit crunch and the UK made easy.

Interesting graphic here:


So, in bailing out the ailing banking system in the UK by spending at least £500bn, the government is over-stretching its spending projections by 81%. Where's Prudence when you need her? What's the bets that it'll be health and education that get squeezed (or squoze if you are Utahn, apparently), rather than say defence (now there's a misnomer) expenditure? And how many of these banking executives will be losing their jobs for messing up so spectacularly? How many won't get their bonuses this year? How many will do the honourable thing and resign their positions in light of their outstanding failure? Aye, nane. And whose money will they be spending? The taxpayers'. For the £50bn part-nationalisation component of the bailout alone it is going to cost each taxpayer £2000. I wonder if the banking executives will notice it in their annual bonus this year? I'm guessing not.