Telegraph
".....he acknowledges the fact that the Bank had actually made warnings about the very factors which caused the financial crisis itself back in 2006. Bean said: "a number of bodies identified the vulnerabilities that were building up as a result of the accumulation of debt. Indeed, in 2006 our own Financial Stability Report highlighted many of the risks which have subsequently crystallised. And we debated these vulnerabilities at meetings of the Monetary Policy Committee on various occasions. But no-one really foresaw the virulence with which the crisis would unfold and the route it would take."
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Lloyds in line for second bail-out as Brown says he has no regrets over HBOS merger (Daily Mail)
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