Monday 11 May 2009

Ministers 'to blame' for financial crisis

Telegraph
"Governments and central bankers must take the blame for the financial crisis - not bankers, investors and others in the market, according to a new study. ....In a comprehensive analysis of the causes for the financial and economic crisis, the Institute of Economic Affairs (IEA) has concluded that the disaster was caused by authorities' mistakes rather than market failures. .....The detailed analysis, Verdict on the Crash, will come as a further blow for Gordon Brown, claiming that the system he created to monitor the financial and economic system was found entirely wanting and is in need of a major overhaul."

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