Imagine prices of antiibiotics surging, all supermarkets hoarding inventories (ie speculating). Patients suffer. Surely government should take over and start dispensing antibiotics directly to patients. Not nationalise (shoot) the patients.

Imagine fuel prices surging, petrol kiosks hoarding instead of selling. Public transport fails. Surely government should intervene and sell directly, rather than punish everyone for not storing up antibiotics and fuels.

Banks specialise in lending. When they fail, government lends direct, not letting borrowers fall one by one, so that borrowers specialise on their own business. Lender of last resort.

5 central banks realise this. They focus on the flu, not the syndrome.

I do hope someone out there is listening, this seems like a sensible approach to me. I’m just waiting to see how long it is before the question is asked whether any of the big bank’s accounts showed “a true and fair view”?

The valuation of the “loan assets” is the crunch question, how were they valued previously and what checks were made that the valuations were reasonable?

How did our regulatory system allow this to happen?

So many questions, so far no proper answers.