Tuesday, Mar 03, 2009
We made mistakes, but we are capable of so many more
Telegraph: Alistair Darling: We made mistakes on the economy
"It is the first significant admission of responsibility from a senior government figure for the current economic crisis, partly blamed on ministers allowing the financial markets to run out of control for much of the past decade."
Posted by mountain goat @ 12:18 PM (307 views) Add Comment
5 Comments
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1. Who Stole My Pension? said...
Oh really? They must have be wee tiny ones as we hadn't noticed!
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. Liddiard said...
What WE need to hear more of now is what is going to happen in the future. Last week the FSA said mortgages must now be regulated, and the BOE said a few weeks ago that as mortgage lending was at the heart of the banking crisis mortgages must be regulated this IS what we need to hear more about in the press rather than the perpetual green shoots of recovery rubbish that is only prolonging the agony. RECOVERY means going back to sensible lending and dealing with the consequences AND a recognition that THIS IS WHAT IS GOOD FOR FIRST TIME BUYERS. First Time Buyers are NOT being squeezed out the market, house prices are falling, that is what IS happening AND lenders are lending sensibly finally. Eventually house prices will drop 40 of the 190% they increased and lending will return to the NORMAL prior to the last 5 years of irresponsible lending. So HUMILITY APOLOGY yes but lets stop pretending that 9 billion in mortgage lending at the Rock is going to revive a market that brought the UK to its knees.
4. Crunchy said...
Come on Gordon, your turn now considering the damage was done before stupid Darling stepped into your shoes that you could not wait to jump out of.
Tony, you saw it coming as well. Nice job at the safe bank?
5. a saver said...
"We made mistakes, but we are capable of so many more"
LOL mountain goat!
I want the MPC to get more stick, they had an extremely important job and they stuffed up bigtime and f&&ked up millions of people's finances. Make them pay - saying sorry we just didn't know what was happening isn't nearly good enough. They were paid to know.