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Originally Posted by Flyboy
So, he didn't cause the collapse of the banks, they brought that upon themselves.
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You missed this bit:
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The fact that he doled out honours to a large number of them (including a Knighthood to Fred the Shred) and spoke boldly of his desire to 'encourage the risk takers' during an official address to City financiers indicates that he wasn't exactly discouraging their activities or advocating the 'prudence' he boasted so much about during his time as Chancellor.
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Brown clearly did not directly cause the collapse but he and his Government were culpable by allowing it to happen on their watch. As the world's pre-eminent financial centre Brown had a clear duty to ensure the City was subject to adequate scrutiny.
---------- Post added at 13:02 ---------- Previous post was at 12:57 ----------
Quote:
Originally Posted by Derek S
He didn't hold a gun to their heads but he made it possible for them to act in the way they did.
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...and he rewarded them for it.