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Cheers - AE

Wednesday, 14 April 2010

Gordoom's new strategy.

Denying he fucked up hasn't convinced many people so Colostomy Brown's latest tactic is to admit he fucked up. Yep, really. .
Gordon Brown admits for the first time on Wednesday that he made mistakes that contributed to the financial crisis.
Wow. Though of course he went on to blame someone else almost immediately.
... the Prime Minister concedes that he bowed to pressure from the City and failed to regulate the banks properly.
Oh, they maaaaaade me do it, says the Prime Mincer.

"In the 1990s, the banks all came to us and said: 'Look, we don't want to be regulated, we want to be free of regulation.'
"And everybody in the City was saying you know and all the complaints I was getting from people was, 'look, you're regulating them too much.'
"And actually the truth is that, globally and nationally, we should have been regulating them more.
"So I've learnt from that. You don't listen to the industry when they say: 'This is good for us.'
"You've got to talk about the whole public interest. And so we are tougher on the banks and tougher on the way they behave and we can be relied on to make sure the banks act in the national interest so you'll see more measures to do that."
For the umpteenth fucking time, this was not, NOT, a failure of deregulation because the banks were thoroughly fucking regulated. Or did your bastard lovechild the FSA spend all day sitting on its fucking hand, Gordon? Much like Westminster and the troughing MPs there was plenty of regulation but no fucking responsibility, nobody stopping and asking if what they were about to do was right or even sane. They simply went as far as the regulations allowed and assumed - 100% correctly - that they'd be bailed out by someone in government, perhaps the kind of dim cunt who'd announce well in advance that they were going to sell several hundred tons of gold and then scratch his head in comical bewilderment when the price had smashed through the basement floor and into the sewer by the time it hit the market.

'Kinell. I know that people get the government they deserve, but does Britain really deserve that?
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