The Group of 20 proclamation suggesting remedies for what ails finance is a tale told by an idiot, full of sound and fury, signifying nothing. Its proposed solutions are not only flawed, they are impossible to implement - especially with regard to the thorny issue of remuneration and bonuses.

Here are some of the key elements of the policy measures prescribed by the G20 nations, along with their faults.

1) "We will develop cooperative and coordinated exit strategies, recognizing that the scale, timing and sequencing of actions will vary across countries and across the types of policy measures."