The Observer today leads with the following [http://www.guardian.co.uk/commentisfree/2012/jun/30/will-hutton-barclays-banking-reform] Investment banking is an organised scam masquerading as a business. It is defined by endemic conflicts of interest, systemic amoral behavior and extreme avarice. Many of its senior figures should be serving prison sentences or disgraced – and would have been if British regulators had been weaned off the doctrine of " light touch" regulation earlier and if the Serious Fraud Office's budget had not been emasculated by Mr Osborne. It is a tax on wealth generation and an enemy of honest endeavor – the beast that is devouring British capitalism. Given the Conservative Government whilst in opposition, were so desperate to avoid any regulation, what-so-ever, even to the extent of 'conning' with John Redwoods phoney 2007 report 'Freeing Britain to Compete' The Conservative Party | News | News | Freeing Britain to Compete, Gordon Brown that a light touch or better still no regulation as the best option. Is the Current Government still fit for purpose? And should the Lib-Dems now jump ship in order to try and save themselves from the voting meltdown that willl undoubtedly follow this shower at the next election?