Debt Crunch

Karl Dayson has written a note for the Grauniad Joe Public Blog.
Households not banks the real victims of the credit crunch
October 29 2008

It likens the victims of the credit crunch, such as banks and other financial institutions, to train crashes. They have, quite rightly, exhaustive inquiries into causes and bring forth recommendations as to what can be done and how they can be avoided in the future. Individual and family problems of debt are considered as car crashes on the super highway of capitalism.
Scrape up the pavement pizza and move along now.