Responsibilities are whose?

While Ordinary citizens of the <?xml:namespace prefix = st1 />USA be financially abused Ordinary people of the UK are abused too all while the EU and all be drained of wealth as to their trading positions. Its not for the British to question the US people on their standards but it would be interesting to know their feelings towards their home-base_soil financiers JP Morgan whom devised the "rewards by failure" scheme of CREDIT DEFAULT SWOPS (CDS) - A bill signed into Law by President Clinton - A law allowing those whom focus-in on financial dealings to place "bets" through Banks on the dealings of others in THEIR failings over a period to which financial gains be made. Unlike insuring ones own car/property against an accident/theft my readings on the subject are that one can insure against a loss/default by others in observance of them and by no connections to them. One could go to a bookies and place a bet on a football team winning a game OR there being snow in london on a date BUT in placing bets on failure would this not incite failures and especially so if one be in a position of influence in financial markets in which such bets be placed?. In the UK the Gov deregulated rules on borrowing in not needing endowments etc as security to repay loans large loans yet soon ater such defaults occurred and the Gov pay-over British Mortages to JP Morgan to cover Debt - The same Business that Mr Blair be a consultant too earning him a vast salary. The same Mr Blair whom be awarded a Medal by Bush at the outset of the Iraq War and whom is now alledged to have profitted by dealings with Iraq.