Over the last two days I, along with many others have been wondering why the people of the United States have seemed more inclined to punish Wall Street financiers than save their own pensions. Well this little synopsis of the collapse of Leaman Brothers reported on page 7 of today's Telegraph provides some inkling of the answer.
Bank goes bust. Shareholders get wiped out. Creditors stand to lose more than $100,000,000,000. Bankruptcy causes further crisis of confidence in entire banking system, requiring $700,000,000,000 bail-out funded by taxpayers. Employees get $3,500,000,000 bonuses
Only change I've made in to write in all the noughts - because the word 'billion' has become so devalued over recent days. And I wasn't sure whether 'bail-out' is spelt correctly.