Darling blames the banks with his final breath

I want to make it perfectly clear that I am no fan of city bankers and their CEOs but I find myself in the strange position of having to stand up for them a little bit today.

Alistair Darling has said that he will not be changing the current tripartite regulatory system because there is nothing wrong with it. This I suppose means that the fault of the current economic crisis is entirely the fault of the banks. I suppose it could also be inferred that the public is also to blame.

But not the government!!! Not their regulatory system!!! What a load of twoddle Mr Darling!!!

This holds about as much credibility as the governments other recent claims that the local and European election results of late were all about the expenses scandal. In actual fact I think the vast majority of people will agree that things really go a lot deeper than that. They were a reflection of the fact that despite lots of media manipulation and hype, the Labour government under Tony Blair and now Gordon Brown has in reality achieved close to nothing after ten years.

However what the government does do consistently and unashamedly well is tell us...the people who voted for it that we are shallow twits that cannot see through the smoke and mirrors they use in almost everything they do including banking regulation.

The fact is they are not going to change the system for three simple reasons. Firstly, they would have to admit that they were wrong and that is something this government will never do because the system was the pet, the brain child of the current incumbent so they don't have the will. Secondly, they don't have any ideas and thirdly they just don't have the money, it would cost fortunes to undo what they have already done.

When the will, the ideas and the money has all gone as it has in this case there can be only one thing left to do....lay down and die!!!!!