Fed up ......
..... with gubermints and banks telling us that we should be so careful to manage our personal finances and them then being complete arseholes with their state spending / borrowing.
During the years of the last "Prudent" labour administration I was bombarded, daily, with offers of releasing equity, having more credit cards or getting cheap loans to tempt me to become more like my peers and have a second car, a fourth annual skiing holiday and another wide-screen plasma in the kitchen. It's all shit and bollocks and the little people always end up paying for it with jobs and income and stress.
Banks and financial institutions drove the more recent expansion of Europe because they wanted to reach a wider customer base for lending euros out and trading in misery. That's what precipitated the latest pile of streaming effluent.
Remember that both Germany and France (and UK, I think?) allowed themselves to break the sacred government borrowing rules for Europe - so that set a fine example to countries like Greece.
I cringed every time I heard Gordon Brown say "the value of your property keeps rising under Labour" - to me that's not good news, that's dire news for the younger generations trying to rent / buy somewhere - it's just plain greed and avarice.
There are other ways to do retail banking, with mutuals and providential societies, oh, but they all demutualized under the Conservative "Loads a money" dream of profits, profits, profits. OK, the growth isn't stupendous, but imho I prefer a steady growth concept anyway.
So completely (YES COMPLETELY!) separate retail from investment banking so Mr & Mrs Smiths savings don't get clobbered and increase the banks capitalisation to at least 140% and if that makes the job of traders and investors harder, then perhaps we won't mind them getting some remuneration / bonus for their hard work (sorry gambling skills).
Imho we need far more, smaller, mutual banks and far more co-operative businesses, along with government prudence (actual prudence this time) and a drive for steady long-term policy making, but I don't suppose we will see things change cos the banks and financial institutions have got all our cash (got a firm grip on our nads) and refuse to lend any out to help start-ups etc.
Europe is built inside-out anyway imho. Instead of having a huge hub in the middle, awash with funding and wotnot, it should have hubs in each country keeping a finger on the pulse of businesses and the local economies, which feed that data back to a smaller central hub where experts make analysis and adjustments accordingly. It's called feed-back rather than monopoly.
And, most importantly, independant and transparent oversight!
<rant over> thanks I needed that. Of to the pub now, I've got just enough for half a pint of mild and a packet of cheese and onion. Oh! the memories / realities.