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  Barry
  I wasn't seeking to cover up the problems left by Labour but to stress that many banks around the world saw the opportunity for a feeding frenzy and went for it. Once things started to get difficult and the fragility of their business was discovered we saw a domino effect around the world which compounded the cyclical nature of the economic cycle.
  As for people overpaying ion their mortgages this may have been done by some but most were keen to spend their money on the glittering array of merchandise that could be theirs - on credit often. Rampant consumerism was encouraged at every step of the way to the very precipice.

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