Sir FT, I do not understand how you cannot find current bank regulations more than a bit loony.

We citizens authorize governments to support banks among others with some backstop mechanisms, and not to mention the bailouts.

And then come the regulators and allow banks to leverage that support especially when banks invest in those safe assets in which we, risk adverse small investors, want to invest in, with are own not-leveraged funds.

And in this way the regulators make the banks compete directly with us for what little supposedly really safe is available; and also make them stay away from what should be the banks’ prime business, namely lending to the risky, like small businesses and entrepreneurs, as they are the experts in that... not we.

Sir FT, I do not understand how you cannot find that more than a bit loony.