Prime Minister says he wanted better financial regulation ten years ago
Gordon Brown today claimed that a decade ago, in Harvard, he had called for better regulation of the financial markets to avoid future credit problems.
Thanks to the collapse of confident lending between banks, it is now a struggle to obtain secured loans, and bad credit mortgages are perhaps the most difficult to find.
Mr Brown, however, claims that he called for an early warning system long before he became Prime Minister, which may have avoided the current financial crisis.
January 27th, 2009 at 5:53 pm
I don’t believe for a second that he made any real effort to do this. And if so, why has he waited so long to pull this out of the bag, when the Tories are slating him for the crisis being his fault?!
January 28th, 2009 at 9:13 am
Seriously? Then I wonder why that’s all we heard about it. I’m interested to know if there’s any evidence of activity beyond that comment - and why at a University, not in government?!
January 29th, 2009 at 8:24 pm
I’m not sure what to make of this. Surely recognising the problem and then clearly doing nothing about it makes it worse, not better.
January 30th, 2009 at 9:37 am
It simply isn’t acceptable or smart to say this kind of thing to taxpayers who are picking up the burden of him not following through on his hunch!