Does anyone remember irrational exuberance? I certainly do. I spent most of the Nineties and the first part of the Noughties being irrationally exuberant. That may explain why I have eight children and two divorces. Or is it the other way around? Either way, in those days we were positive, confident and, above all, successful.

So, when the music stopped, those of us who were nowhere near the hi-fi and couldn't possibly have pressed the wrong button felt more sinned against than sinners. One of the least reported aspects of the credit crunch is how unfair it was on the City. For the more than 90% of us who could hardly spell sub-prime let alone knew what a CDO was, it really sucked.