My first thought when the government bailed out Northern Rock last year was, where the hell does it find this kind of money when there's never a spare million for a new school or hospital?
That was nothing. Last month has brought new surprises at the amount of wealth in the system and how prepared governments are to use it to bail out the rich and powerful.
The whole scale of it takes your breath away. Banks lent money they didn't have to people who couldn't pay it back and then packaged these debts as prettily as they could and sold them on in such a way that no one really knew where they were. When this game of pass the parcel stopped, everyone panicked and refused to lend to one another.