Despite the appearance of restructuring to make banks fail-proof after the 2008 implosion of the financial system, in reality, very few meaningful reforms took place.

Instead, the banks are more prone to disaster than before. They are doused in gasoline, playing with matches, surrounded by piles of incendiary paper notes and bad debt bombs.

And with this promising landscape, figures of authority in finance are coming out of the woodwork to warn us of the new wave of risks.

I guess they should know. Most were complicit in the big fix and the failed recovery, and obviously something is coming. The dam is not likely to hold for all that must longer.

However, fostering a fire and watching it spread does not make one a watchman, and certainly no one to trust.

Any words of warning from those in the banking sector should be taken as a threat. Prepare accordingly.