It has emerged today that the UK banking bail-out has cost some £850 billion. At the same time, it's bonus time for bankers again. Surely there must be some mistake, or does gross incompetence merit equally gross reward ?
Looking around me just now, I suggest that there's a bonus for bad behaviour and not just in the banking sector. As I've said elsewhere, it's the survival of the feckless at the present time !
On a more serious note, those concerned about UK finances and economy should check out the Financial Times today - http://www.ft.com/ - and headline reports on the problems of the commercial real estate sector. It is here, I suspect, that events in Dubai will have most impact.
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