I agree, it is easy to say should have regulated, but what exactly, and how does a single country regulate against multi national banking corporations that are effectively operating in anarchy given they are outside any single governments control. Also agree, that it was all too much patting on...
What the film deals with is that a very select few people actually knew the extent to which this had happened. It is pretty clear that even those at the heart of the film didn't realise it was happening, I certainly wouldn't credit the UK government as having a part in the 'design'. Could they...
There are people on these very boards who genuinely hold Labour to account as the cause of the financial crisis. I've seen it said. To be fair, I've not disagreed with much else you've said.
Cynic, you, surely not!?
We hadn't elected, and still haven't elected a government big on regulation etc. for nigh on half a century. New Labour was Tory-lite because no matter how bad the mismanaging of the economy through the 80s by the Tories, we were still electing them to power. :shrug:
There is no doubt the...
Which is all I said.
The rest is straw man because cunning fergus makes an argument out of something I hadn't posted. Which is fine, but it is what it is. :thumbsup:
I will add, that in my lifetime that no UK government would have regulated sufficiently to have protected us from the crash...
Currently on Amazon Prime. Some great performances, and a reasonable telling of sub prime loans, securities, CDOs etc. Cracking film as well, an impressive cast.
If you still think Labour were responsible for the financial crash and the bank bail outs in 2008, it's probably not for you. :hilton: