The most depressing news

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Most depressing news of the weekend:

Barclays has pledged to pay $2.5 billion in bonuses and salaries to Lehman staff in New York, whose collapse brought the world's financial system to the brink of failure.

Looks like someone will have to knock some sense into Bob Diamond. He clearly lacks it.

Bankers can pretend the world is the same, but as The Times notes:

Taxpayers in Britain face up to 5p in the pound in extra taxes because of the credit crunch created by the banks, leading economists have warned.

And I'll tell you: the electorate are not going to be happy at paying these bonuses. It's time the bankers realised their self interested game is over.