Now that economic armageddon has been averted/postponed/cancelled (delete as your confidence in the future dictates), who's going to carry the can?
Taxpayers, of course, will be paying in real terms for the banking and trading sectors' mistakes.
But will any of the criminals who brought us to this point be held accountable?
In Britain, it seems that despite nationalisation of four banks the only penalty for the bankers will be the removal of their bonuses this year. Big swinging mickey. How about removing their pay packets too, then removing their freedom?
In America, the bankers will be inflicted with 'oversight'. Apart from the fact that oversight should have been going on from day one, this seems to indemnify those responsible for this mess from any responsibility.
So we remain in the asymmetrical risk situation, whereby bankers make tons of money when their irresponsible bets come off, but lose little or nothing when they don't.
And in Ireland? No penalties for the bankers thus far, despite the state underwriting all their mess. And I predict that tomorrow's emergency budget will hammer the taxpayer while continuing to reward the big losers who caused this mess - the bankers and the builders.
Nick Leeson, now a successful employee of Galway United FC, went to jail for this sort of irresponsible investing. I'd love to see the many others who emulated his model of speculation receive a similar penalty.
But they won't, you can be sure of that.