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Absolutely. But at least There was to be no more boom and bust...

They had a huge property boom with lax lending that when the crisis hit left their banks in trouble. The government ran surpluses but on the back of hugely inflated revenues for in no small part property taxes. They bloated their spending too and when the tide went out that was exposed.

2006 budget, no return to boom and bust whilst deregulating the financial system and bloating the state. To be fair though he did a good job once the mess started

"No more boom and bust" Pillock

As i said in my first post, it was a global crisis so we agree. However i strongly believe they made the situation worse than it should have been, competing with New York for the lightest regulation of the financial sector, not saving when the times were good but rather bloating the state to a...

Not at all, a very well informed one. It would be an idiot who thought all countries entered the crisis in the same situation.

Fair point. But I am only making a point about the party who were in charge, those who made the decisions are the those who were accountable. It is their throat to choke.

A global crash but they helped the crash with really inappropriate regulation and through poor financial management. But nothing new here