Banks Not Involved in Subprime Mess Ask Why They Have to Pay for Wall Street Greed

A great story. Indeed it is the large "elite" banks that took on most of those junk paper instruments (and made up some of the paper derivatives) The majority of banks did not. They should not have to pay for the errors of the Wall Street banks.

http://mast-economy.blogspot.com/2009/01/regional-banks-on-t...

Normally, insurance costs more for those with more risks. Maybe it should be that way for deposit insurance too.

As a taxpayer-voter - on my behalf the UK govt has just taken a controlling stake in another bank, Lloyds, just now - I also wonder why I am paying.

Don't fret, the BoE is printing more money.

Oh you weren't one of those selfish people who hoarded their money instead of using it to prop up the ailing economy were you? And I know you weren't thinking of taking a foreign holiday this year so everything is going to be just fine! </sarcasm>