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Old 14-05-2010, 11:54   #322
danielf
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Re: [Update] The Liberal-Conservative Coalition

Quote:
Originally Posted by Flyboy View Post
So, he didn't cause the collapse of the banks, they brought that upon themselves.
Which was a world-wide problem resulting in many countries across the globe having to take similar measures as the UK (though not necessarily as severe).

The reality was that the international banking system is so intertwined that many banks found themselves exposed to dodgy practices elsewhere in the world. Brown bears part of the blame, but it's not obvious he could have done much to avoid it.
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