Stupid Bloomberg article

Has anyone seen this stupid Bloomberg article by one Matthew Lynn?

http://www.bloomberg.com/apps/news?pid=20601039&sid=amtqRO5zQX2g

He parrots the same old erroneous claptrap that the Iceland meltdown was partly "our fault" and that....:"you need an IQ of only about 10 to know that higher rewards involve higher risks."

Then, the punchline....

:"It was a stupid decision to deposit their money in those banks, and there is no reason to protect them from the consequences of their poor judgement."

Yeah, right. I am sure the noble Mr Lynn wouldn't be writing that if his own money was at risk. He obviously knows nothing about the takeover of the Derbyshire by the Kaputhing Raiders - about the blessed "parental guarantee"" that so many of us believed in - about KSF supposedly high credit rating and the simple, basic fact that...WE WERE PUTTING MONEY IN A BANK. Not fluttering it on the horses or buying shares etc - but supposedly putting it in a safe, solid, boring bank deposit.

I hope many of us here will respond to the misguided Mr Lynn in the matter he deserves...Here's his e-mail for starters:

matthewlynn(?)bloomberg [dot] net (mailto:matthewlynn(?)bloomberg [dot] net)