This reduced risk perception certainly hasn't happened in banks, whose spreads are still relatively high. Commission fees, who probably had a reason to exist as long as they tracked project complexity, are now overshooting.

As for the rest, I'm still curious to see who in the value chain captures most of the subsidies.

Rien n'est gratuit en ce bas monde. Tout s'expie, le bien comme le mal, se paie tot ou tard. Le bien c'est beaucoup plus cher, forcement. Celine