Elections: "Light Touch Financial Regulation"

In case any British Voters who have lost their jobs, are wondering how the UK came to end up in such a stupendous mess, I provide this reminder of Gordon Browns speech to the Confederation of British Industry (CBI) in 2005. 

Ball and Brown - Undertakers

Now we are in recession, Gordon Brown is casting about, to lay the blame on the Americans (without naming them out loud), and certainly is not accepting his role in the UK's problems.

Economic Meltdowns and their affects

I haven't commented on the financial meltdown of the last few weeks .....

Foreclosures Rise During Recessions

..... mainly because there are thousands of blogger's who will do so, from the professional, to the amateur economists and political commentators, and each will have their own take on events:

• Those on the Left are pointing to Marxian economic theory, and saying the collapse of western capitalism is historically inherent in the model.
• Those on the right are more subdued, but say the model is robust enough to recover (although admittedly not without great pain and subsidy).