Still in recession

[jaysay]

Originally Posted by Eric

Let me think about this one So ... now we have Gordon Brown being blamed for the greed of well-heeled tory supporters Remember, those institutions which ran "amok" and screwed up the economy are staffed mainly by rock solid (esp. between the ears) tory supporters.

We have banking regulations. We have the most stable banking system in the "developed" world ... the only party threatening to tinker with our system is the conservative party. Recently, several of our major banks including CIBC and HSBC have been fined millions for misleading investors. Looks good on 'em. Pity they didn't get jail time.

You've been Listening to Mancie to much Eric, the thing is it was Gordon that deregulated the banks and gave them a free hand, if the Bank of England had still been monitoring what was going on we wouldn't have been in this much of a mess, But a least Gordon has done away the the old Labour Tax and Spend policies, its now Borrow and Spend and stuff the consequences