'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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Thursday, February 26, 2009
47 Years of Cowardice Allowing Iranian Brutality. Compare To Apartheid. Iran Has Been CONSIDERABLY Worse. Consider The Nations Who Have NOT Aligned Against This Wretched Regime But Did Against South Africa. Double Standards of The Very Worst Kind!
C harles Moore . Trump is a sinner but by disarming Iran he could be doing the Lord’s work. Christianity accepts it’s not always wrong to f...
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Franklin Graham preached in Glasgow, launches new fund to defend religious freedom in the UK. Staff writer Franklin Graham preaching at ...
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Nigel Farage’s general election spending will not be investigated by the elections watchdog, it was confirmed. Labour had called on the E...