Quote:
Originally Posted by Col
I've not read such a small minded opinion as that for quite a while!
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Quote:
Originally Posted by kayce
+1  |
I'd prefer to say uninformed, which proves how biased the reporting has been.
There is no one single cause of this part of the financial downturn.
"Banks" lent too much money and assumed they'd get a good return ad-finitum.
"People" borrowed what they couldn't afford.
"Governments" blew their reserves and borrowed at ridiculous levels for political mileage. (The shortlived child trust funds is a great example.)
Gordon Brown flogging most of the countries gold reserves, whilst annoying and ridiculous is a drop in the ocean compared to the countries debts.