You are a funny guy. Out of the 500% of GDP in debt that the UK has, 220% is Financial debt run up by banks. Dont try to explain to me what bank runs are. You said defaults are not the governments headache. Why was there trillions poured in by the ECB and the Fed to save their ass.Dude banks are different and do not forget they let Lehmann fail. There is no problem in letting some banks fail. Read more about bank runs and learn to count the zeroes in trillion and billion.
And secondly you say banks are different. Where do you think corporations borrow money from?