Sunday, 22 February 2009

Is Gordon Brown a hypocrite?

The BBC report that:
"Gordon Brown has called for a more responsible banking system, in which banks are the "servants of the economy and society and never its master".

The prime minister said the Financial Services Authority was looking at how new mortgages of more than 100% should be controlled in the future.

Writing in The Observer, he called for a return of "prudent", old-fashioned high street banks.

He also said banks should have a focus on making loans to UK businesses. "

If Gordon Brown's comments weren't so delusional and misleading it'd be funny. Gordon Brown stoked up the house-price bubble as a way of keeping people voting Labour. He supported light-touch bank regulation, was openly critical of other European banking systems for their strict regulation and inflexibility.

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