Thursday, Sep 13, 2007
The Government is looking to shift the blame for the coming recession.
Telegraph: Alistair Darling attacks banks' reckless lending
Darling is preparing the ground ..... At a meeting of European Finance ministers, he will attempt to introduce international regulation of banks to try to stop any future credit crunch. He has seen the future and his actions could be seen as: Firstly, passing the blame for the approaching recession on "irresponsible lending by Banks." Secondly, proving Labour's economic credentials by regulating to prevent re-occurrence. So Labour isn't responsible for the economic condition of the UK then.
Posted by talking rot @ 05:34 AM (368 views) Add Comment
7 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Nocibomber said...
Ah! so it's all Carol Vordermans fault.
2. Afrobaggie said...
When it is going well: "Look how clever we are..."
When it looks as if the wool can not be pulled over the sheeple's eyes any longer, they wash their hands, "It's not our fault, it is yours! Nah, nah n-nah nah!"
I am convinvced that politics can best be described by splitting the word into two words: Poli - meaning 'many' and tics - 'blood sucking insects!'
3. Orwell said...
Well I am off to max out my credit cards, then lie to the mortgage companies to get MEW, after watching Kirsty and Sarah Beanie on the TV. This has none of my making..........
4. denzil said...
Gordon Brown has taken praise for growth during a period of:
- Very low interest rates
- High migration into the UK.
- Inflation in the UK being offset by extraordinary growth of China and its associated cheap goods
And now the quiet man darling has found his voice and attempting to say, "oohh you naughty banks, what have you been doing".
Talking of banks, the financial services sector of the UK has been prepared to take million pound bonuses off the back of some really shaky business practises.
For me, Labour and in particularly the unelected PM Brown can fool some of the people some of the time but not all of the people all of the time.
5. uncle tom said...
You could call this a nice exercise in 'don't blame me, I'm the new boy guv' but there's a clear message here
He's saying to the banks 'lie on the bed you've made, and stop bleating for a government bail out'
6. ontheotherhand said...
Shut that gate, the horse has bolted.
I was the first to talk about shutting the gate, therefore it's not my fault the horse bolted. Told you so.
7. C'mon Correction said...
onthotherhand - you beat me to it!
Talk about shutting the gate after the horse has bolted!! This government is incredible?!
It's more like shutting the gate after the horse has bolted.... found a new home....lived til he's old and snuffed it years later !!!
If only they had taken responsible action 5 years ago, the UK economy now wouldn't be about to fall off a cliff.