David Nason - US Treasury He has been conferring with Hank Paulson over the credit crunch crisis. He is in favour of having 5 bodies to regulate the US financial system. This includes a reformed FOMC. It looks very like the scapegoats for the crisis will be speculators - that's us traders. The top bankers plus an ageing Greenspan and a too slow Bernanke may well declare themselves clean of the blame which is wholly theirs. THE BASIC law of banking for the last 700 years has been don't lend money to people who can't repay it. Yeah well - they DID forget just that en masse !! The Government won't be trusting the bankers to do even that simple task now that they have failed so dismally recently !! Their failure may seriously affect our business. Speculators got the blame unfairly for the 1929 crash and look odds on for this debacle too.