The government uses ‘regulators’ aka ‘Watch Dogs’ to ensure that the OGPs don’t exploit their market position. The Banks, for instance, were over-seen by some 3,000+ employees of the Financial Services Authority – where over 200 were paid in excess of £100K. To attract the best, of course.

The FSAs had a jaw dropping ability to see no issues as the banks cashed in future profits from loans to people that the banks new would never repay – society would.

And as a certain Bank borrowed short & lent long, had relaxed rules on loan eligibility, created ‘Life Loans’ (aka 120% mortgages) and surprisingly grew very quickly. They didn’t even say you can’t call yourself ‘Northern Rock’ must be Northern Sand! Hey what the heck if we ignore elementary economic rules – everyone else is.