Sunday, February 15, 2009

The Defences are crumbling

HBOS whistleblower: Brown must go

"Brown must go. He cannot remain in office. He has presided over the biggest boom in the history of the country as well as one of the biggest busts. But he promised no more boom and bust. He must be held accountable for his failure to oversee the stability of the country." Mr Moore added: "Brown presided over a policy based on excessive consumer spending based on excessive consumer credit based on massively increasing property prices, which were caused by excessively easy credit which could only ultimately lead to disaster."

Posted by cheekie charlie @ 10:47 AM (753 views)
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5 thoughts on “The Defences are crumbling

  • Looking back to when Gordon stated:
    “no more boom and bust”
    perhaps we all interpreted wrong and what he actually said was,
    “no, more boom and bust”.

    At least he was honest.

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  • Tenyearstogetmymoney Back says:

    denzil said

    perhaps we all interpreted wrong and what he actually said was,
    “no, more boom and bust”.

    Or alternatively his plan was to put an end to the cycle by leaving the country permanently bust 🙂

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  • Looks like this could be an interesting week. Sounds like Mr Moore has got the silver bullet. What odds Brown will be in office come Friday ?

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  • Eternal Sceptic says:

    We should be so lucky – they are all seemingly teflon coated.

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  • “Last year we set out radical proposals for changing the way we regulate: minimising the administrative burdens of regulation; and ensuring that the realities of regulation, as you experience them on the ground, are transformed — by moving away from the ‘old’ blanket approach, of 100 per cent form-filling and 100 per cent inspection that is inefficient and wasteful of your time, to a new approach based on RISK…

    And I believe, too, we should consider how we can continue to extend our RISK-based approach, applying the concept of RISK not just to the enforcement of regulation, but also to the design and indeed to the DECISION ON WHETHER TO REGULATE AT ALL… ”

    Gordon Brown
    Speech to the CBI, 5 June 2006

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