• The post you are reporting:
   
  Alexander.... Marek...
  
  Explain which of the issues I listed in #44 is incorrect.
  
  
  The answer is none, all are perfectly factual. If you cannot appreciate the way those matters together created the depth and scope of the UK financial crisis then at fault is your understanding of economics and the English language.
  
  What we have is a problem of a cyclical recession turned into a crisis by fiscal policies over 13 years and a foolish monetary policy all determined by Brown. Added to that is Brown's Mansion House speech encouraging the banks to take risks and the regulatory changes he introduced resulting in some banks being over exposed to a banking crisis as well, we really had this disaster of his making.
  
  I do not blame Brown for the sovereign debt problems of some European countries or the USA, but his was part of that same idiotic spend, spend mentality.
  
  I will credit him for doing one thing right - keeping us out of the Euro. Not bad for 13 years in the driving seat, one sensible thing done (or should that be one crazy thing avoided...)

Report Post

Your Name

Reason