Darling Admits Government Mistakes on run up to Financial Crisis.

[anarchist]

http://www.accessinterviews.com/interviews/detail/alistair-darling/13233

 

Ministers must have the "humility" to admit that mistakes have been made by the Government in the lead up to the financial crisis, Chancellor Alistair Darling admits..

 

In an interview with The Daily Telegraph he concedes that there are a “lot of lessons” for the Government to learn from the events that led to the downturn and concludes that the regulation of banks has been a failure.

 

It is the first significant admission of responsibility from a senior government figure for the current economic crisis, partly blamed on ministers allowing the financial markets to run out of control for much of the past decade.

 

 

It is progress indeed when a minister admits that deregulation of the financial institutions has contributed to the current mess.

[Rich]

So, Alastair Darling admits he's a clueless numpty who could no more run a tap than the Country Treasury?

 

Wonders will never cease!

[alchresearch]

In an interview with The Daily Telegraph he concedes that there are a “lot of lessons” for the Government to learn from the events that led to the downturn and concludes that the regulation of banks has been a failure.

 

They will have plenty of time to learn the lessons during that long period they'll be in opposition!

[Ousetunes]

'Lessons will be learned.' Where have I heard that before? Oh yes, from the last Labour ****-up.

 

Or as someone else put it: They might well learn lessons but they'd never pass the exam.

 

I look forward to New Labour and the whole bunch of incompetents resigning en masse (and saying 'we won't be taking our full pension, either.').

[alchresearch]

Just type "Lessons will be learned" into Google News search and see which government agencies have said it recently.

[Zamo]

http://www.accessinterviews.com/interviews/detail/alistair-darling/13233

 

Ministers must have the "humility" to admit that mistakes have been made by the Government in the lead up to the financial crisis, Chancellor Alistair Darling admits..

 

In an interview with The Daily Telegraph he concedes that there are a “lot of lessons” for the Government to learn from the events that led to the downturn and concludes that the regulation of banks has been a failure.

 

It is the first significant admission of responsibility from a senior government figure for the current economic crisis, partly blamed on ministers allowing the financial markets to run out of control for much of the past decade.

 

 

It is progress indeed when a minister admits that deregulation of the financial institutions has contributed to the current mess.

 

It is a shame they lack the honour to fall on their sword.

[L00b]

Looks like they're fast running out of scapegoats, for Ministers to start nibbling at the humble pie themselves.

 

[agent smith]Do you hear this, Mr Brown? This... is the sound of spin doctors running on empty. This... is the rushing sound of your government's freefall LZ coming up to meet you[/agent smith]

 

I wonder if the Government's forced admission yesterday that there's nothing they can do about Goldwin's pension (and implicitly therefore, but very clearly, that they carry the can for it) was the effective kickstart. Historians will tell us no doubt

[MrSmith]

Saturday 28 July 2012

 

Sir Mervyn King admits policymakers made 'major mistakes' in financial crisis

Sir Mervyn King, governor of the Bank of England, has said for the first time that the financial crisis was the result of “major mistakes” by economic policymakers and not the bad behaviour of bankers.