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  You have a very warped, old fashioned idea of who would be affected.
  
  Indeed the use of the word tragedy is as absurd in respect of a football match as the word 'hero' is absurd to describe an overpaid playboy who kicks a ball at a goal.
  
  If you have a pension then your fund would suffer too. The impact it would have on your retirement prospects would be significant. Those least likely (the only ones really) who would not be affected are those with gold plated Government funded pensions like Local Government officers and civil servants. We taxpayers pick up the bill for those, not investments.
  
  All of the few remaining private final salary schemes would be finished off without a doubt. If it was now, now say, in the current economic climate, it would lengthen the recession causing more job losses and the economy would take far longer to recover. Sentiment and market confidence are important factors in finance and these would be very seriously hit when they are low anyway. Britain may never fully recover from the loss of overseas investment. If you were an American would you want to invest in a business in a country that acts in such an irresponsible manner that it steals the property of other investors? Indeed how many other companies may decide to pull out of the UK all-together in case they get targeted one day?
  
  You lightly dismiss something you simply dont understand.

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