The estimable Mervyn King has established a record in the Xorgosphere. Within three days of being awarded the Well Done, Sherlock! award, Mervyn did it again and made a further statement of the bleeding obvious that the rest of us had twigged several centuries ago! Apparently, Mervyn has just noticed that banks tend to 'exploit gullible or unsuspecting customers'. Moreover, Mervyn has spotted that banks take a short term view and merely want to maximise profits. And they meanwhile carry on paying themselves big bonuses regardless of the the problems they have caused because they know they are too big to fail and will be bailed out by the state. A staggering insight, Mervyn.
You have to laugh...
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