Funding ignorance

Here is a quotation from today's Guardian newspaper about funding cuts to British universities which might mean widespread redundancies and reductions in student numbers:

'Peter Mandelson, the business secretary who is in charge of universities, accused the [university] principals of "gross exaggerations" and "extreme language", but would not be drawn over whether he would make further cuts to higher education. Universities had to do "no more than their fair share of belt-tightening," he said.'

Perhaps one of these fair-minded politicians would explain to us when the bankers are going to have to do their 'fair share of belt-tightening'.