I'm no friend of the bankers. Donald Trump is a douche AFAIAK. You can blame your beloved government for bailing them out. That is NOT free-market Capitalism. In a free-market the banks who made bad loans would have gone bust. IF you had an insured deposit, it'd be you paying a private insurance company for that insurance not a federal agency (big surprise the government dropped the ball yet again). Look, Australia has generally had a big government and has generally been a poor country that simply doesn't compete and produce much. NOT because of any fault of Australians themselves - it's their socialistic government crushing any ounce of entrepreneurial spirit. Most entrepreneurs in AU that I personally know, moved to the USA (California mainly). Much like KSA, when the commodities are booming AU gets to live in an illusion of prosperity. But, don't mistake the illusion for the real thing. Again, look around your house and see how much of that was produced in AU. Not much I'm afraid to say - and it's only getting worse. AU competitiveness is dropping and has been doing so for years. That aside, if the government does produce something, let's say cars, then that's called fascism. Fascism isn't as productive as free-market Capitalism. It's no better than other State run industries. Sorry, but paying someone in the government to stamp a peace of paper isn't producing anything. That's taking from the producing part of society. You do understand that yes? The government can instantly employ everyone today stamping papers and handing them to the next in a long line the ends in a shredder - that simply doesn't make society any more productive. When government does try to do something, there's no market feed back telling it if what it's doing is good or bad. Thus, it's up to some idiot who lives in a box in Canberra (or DC) to guess. Hence the more socialist countries (like AU) have lower Civil Liberties as this reduces the variables and makes the guessing game a bit more accurate. This is why Communist countries have the least Civil Liberties (reduce the variables). It's all an attempt by the government to make a best-guess. But, the free-market will always do this better and dollars (real dollars) are our way of voting for what we really do want or not want. Wait until the boom completely fizzles out - mark my words, AU is going to start reducing variables along with social services.