So Fred Goodwin (the name sounds reassuringly common without the ‘Sir’ in front of it) has been stripped of his knighthood.
But precisely what has been achieved by this exercise in political opportunism and symbolic, lynch-mob vindictiveness?
He wasn’t the only one to profit both socially and financially from the corporate madness which engulfed the banking system – but he’s the only one to be publicly shamed.
Meanwhile, the convicted perjurer Jeffrey Archer, and expenses fiddlers Lords Taylor and Hanningfield have retained their titles and seats in the upper house despite serving prison sentences.
If righteous vengeance is to be the basis of a new national pastime, let’s make sure the rules are fair and apply to all.