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September 16, 2008

Bankers

So Lehman Brothers have bit the Wall Street dust, and the recession has started to bite. The phrase 'economic outlook' is becoming oxymoronic.

We're told that things haven't been this bad since the 1930's, which is in part media hype. But hey - these are certainly bleak times.

If we don't learn anything else, as a result of this debacle, then let us at least learn to legislate to curb the greed of the banks, building societies and financial institutions, It is their avarice in the form of indiscriminate lending that has got us into this mess.

Then let's not vote again for a government who taxes us to the hilt, and then crows about its economic achievements. These were to some extent inevitable in a rising market anyway.

Let's vote instead for a government who will legislate to achieve genuine prudence in the financial markets, which clearly cannot regulate themselves effectively. That's what I'll be doing next elecion. How about you?

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