We judged that a sudden disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy with lower equity prices further downward pressure on home values and less access to credit for companies and households.
My college Fitzwilliam was pretty good but unfashionable and I lived in digs so I was not part of the cloistered 'old college' environment which frankly was a bit intimidating. But I worked hard and settled in by exploring politics and girls.
Punishment is now unfashionable... because it creates moral distinctions among men which to the democratic mind are odious. We prefer a meaningless collective guilt to a meaningful individual responsibility.
It's become unfashionable to celebrate political achievement and Labour achievement even less so. And it's positively uncouth to be proud of something that this Labour government is doing. So slam me for saying so but I'm really proud of the NHS.