After the conspicuous success of self-regulation for the press and MPs, looters are to be asked to regulate themselves.
Rather than being arrested or hit by big truncheons they are to face the far worse sanction of being shamed by their peers.
Just as self-regulation was so successful in stopping phone hacking and expenses fiddling we are certain that looters will calmly and sensibly see the possible errors of their ways and turn away from their thieving path said a spokesman today.