Buffett Gets It All Wrong On Banks... Did he?

Why are we having painkillers for a financial system that was designed by those who it benefits (the incompetent government and bankers). I concur with Mr W Buffet, in that there ought not to be government intervention in the name of bailout of most of these banks, like RBS. How dare these banks in receipt of taxpayers’ money for survivor even contemplate bonuses while still deep in the RED?

If the banking brains where as brilliant as claimed by their employers such as RBS, BOS who the hell did fail to recognise that the instruments they were trading in or product designed were flawed? Save us the bullshit, the justification of talent drain is a complete and absolute nonsense. Some of these bank employees get high reward without the corresponding level of risk, yet the government is toothless to take a meaningful bit at the bank, to be seen acting, instead of fiercely and actually acting. One does not need a crystal ball to know that government primary interest to intervene was to save themselves the enormous social and political unrest that may have potentially arouse were the banks allowed to fail.

Most of us lost millions of pounds/dollars as a result of extreme challenges borne out failures from the misguided and incompetent bankers. After receipt of bailout money, they had the nerve to award themselves bonuses. They are being rewarded for incompetence and the labour government (not that conservative would have done any better) are toothless to use its power as custodian of taxpayers’ money to freeze even an ounce of bonus until the monies advanced to cushion the banks are completely paid back with interest to the treasury.
Trust me when I say, there are the likes of Warren Buffet and solvent banks out there, like panthers, waiting to pounce on failed banks, acquire them on the cheap (still works out cheaper than government bailout) and will staff the bank with less paid talented individuals that would deliver better performance and returns for their investments. I do not have to be a banker, to know that that some executives are only interested in their selfish interest on the pretext of talented brain drain, what brain drain? Get out of town, complete and utter nonsense!