This piece by Larry Elliott in yesterday's Guardian on the nationalisation of Freddie Mac and Fannie Mae perfectly describes the hypocrisy of the current economic system, and those who support it.
As Elliot says,
But as he correctly points out, no one, from Gordon Brown to Barack Obama is making the right noises. Surely we can't let the interests of elite wealth and privilege off the hook again, while taxpayers pick up the tab?
ps: for anyone who, like me, intensely dislikes the use of ghastly American nicknames to describe some of the largest financial institutions in the world, their real names are: the Federal Home Loan Mortgage Corporation (Freddie) and Federal National Mortgage Association (Fannie).