Quote:
Originally Posted by TheDaddy
Do you think the current administration would do anything different. In fact did the previous to last do anything different?
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With hindsight of course yes, without it probably not a lot, although their spending would never have mushroomed out of control in the same way as New Labour's so the pressure to turn a blind eye to what the banks were up to would've been siginifcantly less.
IMHO the main problem with the last lot wrt the banks is a) they created an ineffectual system of oversight, the FSA and b) the money the banks were generating was essential to their lavish spending plans hence they were unlikely to want to see that tap turned off prematurely and have to suffer the political consequences.
The problems we face are not the fault of this government or the one before last, they're the result of 13 years of myopic Viv Nicholson 'government' in which the main aim was to buy popularity and thereby power. That's just my opinion though....
