Mervyn no doubt like many of us can see another bubble bursting in the not too distant future, and is now advocating the Narrow Banking that we have supported for some time.
Brown will do nothing; he is in the hands of malign advisors working solely in the interests of the megabanks. He is weak, vacillating and without the courage or vision to take any action.
Now is the time for this Rotten Parliament to redeem at least a part of its reputation in its dying months; if MPs demonstrated as much concern for the nation as for their personal wealth they could push the required measures through.
Don't hold your breath.