Whose fault was it?

[Freamon]

Just a normal boom and bust cycle .....

Bollocks - this is the worst "bust" since the 1870s. This is a worse excuse than the "global crisis, started in America" tripe that Brown was pedalling before he was drop-kicked out. The UK economy is comparatively f**ked, and our financial sector played a massive part in causing the crisis in the first place (e.g. AIG FP was a London organisation).

[Troll]

To clarify, I voted for them in the poll above, not in any general elections.

Apologies - I misunderstood some + rep to make amends

[DimPrawn]

It's a very good question and ultimately leads to western govts and their lax attitude to Fractional reserve banking - Wikipedia, the free encyclopedia, Money creation - Wikipedia, the free encyclopedia, Globalization - Wikipedia, the free encyclopedia, and immigration.

HTH BIDI

[wim121]

Bollocks - this is the worst "bust" since the 1870s. This is a worse excuse than the "global crisis, started in America" tripe that Brown was pedalling before he was drop-kicked out. The UK economy is comparatively f**ked, and our financial sector played a massive part in causing the crisis in the first place (e.g. AIG FP was a London organisation).

The severity is all up for debates. We could guess that we may enter an L shape recession like the Japs many moons ago.

However, compared to the troubles in the 70's/80's, at least interest rates arent at 15%+ and there isnt runaway inflation with even sensible borrowers losing homes. Be thankful, things could be much worse.

You may debate the severity of it, all I said is it is party of the cycle that will never end, due to people becoming complacent believing the bubble can never burst and human greed inherent to some degree in all of us.

People will always borrow beyond their means and try to keep up with the jones's. Those working in the industry will always take a gamble/risk or become complacent and ignore warning signals. It has always happened and always will.

[Doggy Styles]

Gordon Brown relaxed bank regulation.

This.

It was his biggest mistake.

Although the word 'relaxed' doesn't do it justice. He fecked it up.

[AtW]

FFS, you all pathetic losers - go back to your loved ones, it's Valentine's night for Christ Sake!

[TimberWolf]

FFS, you all pathetic losers - go back to your loved ones, it's Valentine's night for Christ Sake!

I'm disappointed that you didn't vote for Mervyn.

[AtW]

I'm disappointed that you didn't vote for Mervyn.

I did at the last BoE elections

[Doggy Styles]

FFS, you all pathetic losers - go back to your loved ones, it's Valentine's night for Christ Sake!

It's all right for you. You'll soon change your tune when you've chalked up 10 or 20 years with the same bird.

(Sorry Ms Styles, that was a joke, honest)

[Peoplesoft bloke]

I blame Thatcher :-)