@Steve 41oo,
Oh no he hasn't Steve. Quite the opposite. Same with all the others now he showed them the way. And they are loving it.
They are politicians. The party policies are merely means to get power in a certain situation. That being us lot of dimwits get a vote each. And thus need to be won over. The Ayes to the right the Nose to the left. The Ayes have it. Which mob wails loudest.
They have power in the banks now. They say they will give it up when things "stabilise." That's like expecting a hungry dog to give up a juicy bone.
Do you seriously think they could have swung that past us, especially the Yanks, without frightening us first.
Where was the bailout money before being used to do the bailing out? In the banks obviously. On their assets sheets if not actually within their premises.
Marx predicted capitalism withering away.
I assume it was thought necessary once electronic money got established because the forward planners must have envisaged being stuck with no money in a flash of light when a Goldfinger/ Nick Leeson type pressed "SUBMIT".