“Steal a little and they throw you in jail…..

bobdylan-infidels.jpg

Source of picture: rateyourmusic.com

…steal a lot and they make you a King,” wrote the great Bob Dylan in A Sweetheart Like You on his great 1980s album, Infidels.

This seems appropriatea as we commemorate exactly 12 months to the day since the West’s financial system imploded.

Obama is talking tough on new regulations - and I am sure he sincerely means it – but Wall Street seems to control the overall Washington agenda.

Why does it matter for the chemicals industry? Because the distortions in energy, other commodity and equity markets are creating a false impression for the industry.

As the president says: “It is neither right nor responsible after you’ve recovered with the help of your government to shirk your obligation to the goal of wider recovery, a more stable system and a more broadly-shared prosperity.”

Hear, hear.

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