Comments on: A path strewn with difficulties http://blogs.reuters.com/macroscope/2009/01/19/a-path-strewn-with-difficulties/ Shining a light on the dismal science Wed, 16 Nov 2016 01:39:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: GROCK http://blogs.reuters.com/macroscope/2009/01/19/a-path-strewn-with-difficulties/comment-page-1/#comment-1863 Sun, 25 Jul 2010 12:05:49 +0000 http://blogs.reuters.com/macroscope/?p=312#comment-1863 Funny this but after recent months of everybody insisting that the banks caused the current UK crisis I heard Alistair Darling (Labours Chancellor)make a statement on the Andrew Marr show this morning to the effect that people must realise that it was not the banks that caused the crisis but profligate spending and borrowing and that the Government would get all the monies back!
He did not specifically say who was responsible for the profligate spending or borrowing and went on to say that Labour did many good things during their term of office and one was left to make one’s own judgement.

I got the impression from the discussion that it might have been Mandelsons book that is causing the truth to previous spin being owned up to.

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By: David Clarke http://blogs.reuters.com/macroscope/2009/01/19/a-path-strewn-with-difficulties/comment-page-1/#comment-235 Tue, 20 Jan 2009 14:51:08 +0000 http://blogs.reuters.com/macroscope/?p=312#comment-235 An astute piece. A core problem is that the Banks themselves don’t know the extent of their losses, so how can investors have confidence in their balance sheets? This fact means that the Government, with this latest insurance scheme, is again writing a blank cheque to the Banks on behalf of the taxpayer.

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