Which is a huge joke since the same nationals and heavy duty news programmes have been lauding the ‘wealth creators’ of the financial sector for years, and applauding the deregulation and globalisation of the financial markets with equal vigour.

So, people in Iceland were able to borrow vast sums of money which massively outweigh the total economy of their country by a factor of 20 or 30, and use it to play with in our economy. People here deposited large amounts of money in their banks because they paid high interest rates, apparently oblivious to the fact that the high interest rates reflect high risk.

It is a little late for the media to start asking questions…

Go Four Horsemen of the Apocalypse!
Go Four Horsemen of the Apocalypse!
Go Four Horsemen of the Apocalypse!

though possibly not by much

Go Russia! Go Russia! Go Russia!

The Bear has got the money, and if we all ask pretty please it may lend the money to Iceland, and Iceland will then pay back the money it owes to British depositors, and we will all be happy bunnies.

Go Russia! Go Russia! Go Russia!