Opinion

Chris Blythe: Ending boom and bust — yet again!

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Comments

  1. Not entirely Chris you can’t blame government for the banks selling on sub-prime mortgage debts until they realised there was no hope of them ever being repaid. Banking deregulation and the setting up of the FSA that didn’t not understand how to control it was the major flaw. It was extremely clear that the banks were out to sell loans to the maximum and had no self control otherwise this would have been reigned in before the crash ever could have happened. No I blame the banks for not realising what they were doing – after all they are meant to be financial experts, aren’t they?

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