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Brown admits mistake over banks
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=7717		 Page 1 of 1
Author:  AlunD [ Wed Apr 14, 2010 7:31 am ]
Post subject:  Brown admits mistake over banks
Quote:
Gordon Brown admits he made a mistake in not introducing tougher bank regulation when he was chancellor.

http://news.bbc.co.uk/1/hi/uk_politics/election_2010/8618974.stm
Don't you just love it when they are forced to eat humble pie :D

Quote:
Labour's Ed Balls on bank regulation - 'In retrospect we should have been tougher'

No Sh1t Sherlock :D
Quote:
Shadow chancellor George Osborne - 'Finally Gordon Brown admits he failed to regulate the bankers'

And the feeding frenzy begins :D
Author:  Amnesia10 [ Wed Apr 14, 2010 8:53 am ]
Post subject:  Re: Brown admits mistake over banks
Yes the regulation was poor but it could have been worse. As for the Tories crowing, they would have been even more lax re regulation though the regulation set up would have been better than the separate entities that Brown set up. Banking regulation should have stayed with the Bank of England where it could oversee the overall financial health of the banks. The Financial Services Agency should have only been involved with the regulation of the products being sold to the consumer.
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