Gordon Brown's excuses for the financial crisis won't cut it

Telegraph
...Mr Brown's very own regulatory system had hard evidence of an unsustainable credit bubble a full year before the run on Northern Rock. Yet the Bank, the FSA and, indeed, the Chancellor took no action. " ......the Prime Minister should perhaps devote less energy to "spinning" the economic crisis for political purposes and more to producing effective policies for getting us out of it – something he is so far signally failing to do."

PS: Government Admits It Blew $7 Billion on Gold Sale (Iain Dale's Diary)

Brown 'ignored warnings over sale of gold reserves' (Independent)