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Old 24.09.2009, 06:33 PM
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Dave_R Dave_R is offline
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Originally Posted by Secret Admirer View Post
It was labour who created this problem. They created the FSA, then forced out it's head when he warned about the risk of complex derivatives and insurance against deficits, as long ago as 2001, and replaced him with the head of the ultra aggressive Lloyd's bank. It's about equivalent to putting a paedophile in charge of a nursery because you're worried the children aren't safe.

Every time Gordon Brown says no one could have seen this coming, he's lying, and he knows it.
I was actually talking about the steps made in recovery more than the pre-cursor for it. You're spot on about the FSA being at fault but in terms of recovery we've done ok when you look that it affected more than just the UK and the crisis originated in the US
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