That may be so but the lenders - and that includes you if you contribute to a pension scheme - took a huge hit in 2011, details of which I posted earlire
as I said I don't disagree with any of that. Whilst my money may have been lent to them (actually thats unlikely because most of my pension fund is in property), I don't think I can be considered a lender as it wasn't up to me who that money was lent to. If you're giving what amounts to unsecured loans you'd better be very sure of who you're giving your money too!
I'll add that, while I definitely believe people should pay their debts back (and I've always managed it thus far), there has to be a level of responsibility on both sides. If I go in to a bank and ask for a personal unsecured load of £35 million then I'd be laughed out of the bank pretty quickly. The lenders have to put their hands up for taking a ridiculously bad risk.