'Gordon Brown helped fuel Britain's banking crisis by pressuring City watchdogs into 'light-touch regulation', MPs were told today.
In damning evidence to the Treasury select committee, Financial Services Authority chairman Lord Turner said there was clear 'political' pressure not to question the business models of banks such as Northern Rock, HBOS and Bradford and Bingley.'
If this proves to be true, then a far greater proportion of the blame for the current catastrophe must be laid directly at the door of the Prime Minister.
That of course, does not exonerate the banks from their greed and folly.
LINK: http://www.dailymail.co.uk/news/article-1155562/Brown-told-question-banks-risky-practices-says-City-watchdog.html
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