It is not the billionaire homes, the non-dom status and the tax scams that are shocking in themselves but the fact that regulators – that is ministers – have allowed them. Labour's failure to curb bank oligopolies and the Tories' failure to call the bonus bluffs at Lloyds and RBS are what exaggerated the gap between wealth and poverty. Bankers are Putins, bullying and bluffing their way across Whitehall.