It really does make me angry:

The US litigation mad society have lost the plot

Leonard has every right to be upset he's lost his money!!

I would add that the Stock Exchange is no longer a viable place for anyone to be certain of investing for a secure return

Unless and until something is put in place people in general will not put money into "savings" using such vehicles

The crash of 2000 will have repercussions for many years to come
and still has not regained its value

Yes investments are long term but that is no good to investers nearing retirement age whose savings are eclipsed over night
nor in our present jobs market can anyone be sure of when their retirement date will be!

UK housing prices have rocketed as an alternative investment, but are now steadied hopefully

I have great sympathy for Leonard and I would not wish to be an Investment banker (period)