Quote:
Originally Posted by BBKing
B-b-but I thought Cowardly Gordo McMonocularBroon and his gang of fiscal rapists had brought Teh Country To Its Knees in some way totally unique to the UK and that it wasn't really a worldwide problem at all. Now you're telling me other countries are *worse* than us? *sound of rightwing talking points exploding*.
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Not quite. While GB didn't cause the recession (I believe we have the American Banks rather lax credit checking for that), I do believe that thanks to Gordon, we have been hit a *lot* harder than other countries and we will be feeling the effects for decades..
It's also worth remembering that Gordon was Chancellor of the Exchequer when the current banking regulations (which clearly had inadequate controls to prevent this) were drawn up. And, with us being a major fanancial power, he almost certainly would have been involved in that..