OK, I agree the losses in general were larger. However, the point is that the "government" losses on the banks are 1% of the total government debts. Even the 70 bn loss on the bank bailout is largely made up of mistakes by Gordon Brown.

The REAL losers were the shareholders - your pension funds - and insurance companies so your premiums go up.

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I know to my personal cost. However, I'm quite prepared to accept those losses. It was my choice to put money in RBS etc, and I have to take the consequences of those decisions. I was free to do otherwise.

When it comes to government debts, particularly when its hidden off the books, I am not responsible. I like others have been lied to so they can run up the debts, and I haven't been given the vote on the issue either. It's not in any manifesto that they will run a Ponzi. So I'm not responsible. Hence I will avoid the consequences, as will MPs when it comes to their personal wealth.

And we are all hit by higher insurance premiums.

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Primarily taxes on insurance - that road leads to the government.

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As a Nation we are all responsible in that we elect governments.


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So far so good. Now, what happens when governments do things that aren't in their manifestos, or don't do things that are in their manifestos.

I'm not responsible for either consequence. I've not had a say, even under the current system. So I'm not responsible for the consequences.

So when the government hands out 170K per year to a benefit claimant in Westminster, don't be surprised when things go wrong. They didn't ask or even tell the electorate when they were standing for election.

So its going tits up. It's going to end like Greece.

So in that situation, you have to take the lesson from the troughers in parliament, and look after yourself first. If you don't you can't look after anyone else.