Rolluplostinspace wrote:Mervyn King, the Governor of the Bank of England, said he is surprised that the public is not more angry with bankers as they face a fall in living standards.https://www.telegraph.co.uk/finance/eco ... eater.htmlHe obviously didn't realise at the time just how many dumbed down Mungos the country had.
Gordon Brown has admitted he made a "big mistake" over the handling of financial regulation in the run-up to the banking crisis of 2008.The former prime minister told a US conference he had not realised the "entanglements" of global institutions.
He said: "We set up the FSA [the City regulator] believing the problem would come from the failure of an individual institution. That was the big mistake.
"We didn't understand just how entangled things were."
Mr Brown said he had to "accept my responsibility" but added he was not the only one who had made mistakes.
'Global meltdown'
Conservative Party deputy chairman Michael Fallon said: "These are the first words of contrition Gordon Brown has uttered in his entire political career.
"But he hasn't apologised for doubling the debt, selling off the gold and leaving our children and grandchildren paying the bills for his mistakes."
http://www.bbc.co.uk/news/business-13032013