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Could someone explain this to me in very simplistic, non-jargonistic language, please? It strikes me that these ruthless capitalist cunts have deliberately undermined our economy and directly caused job losses and misery for tens of thousands of people simply to line their own pockets. However, I don't understand how these hedge funds have specifically achieved it. Something about "betting" on falling share prices, but I want to understand it fully. Can anyone help? This whole credit crunch thing (a euphemism, if ever I heard one) makes my blood boil. It makes me so fucking angry that mismanagement of the sort that every multi-national financial institution in the world seems to have been engaged in in relation to their rules on credit can actually lead to even more favourable decisions for them from the financial regulators. I mean, in the case of the Lloyds/HBOS thing, a fundamentally anti-competitive take-over that will mean less choice and higher prices for the consumer has been waved past the competition authorities by the government in the name of the greater economic good. It takes the fucking piss.

For anyone with young kids - on now Ch4. A mother breastfeeding a 3 year old girl and 2 wild boys in need of a dose of ritalin. Oh and a bloke who needs to grow some balls. Scary stuff.