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And according to Ross Ashcroft, they have done exactly the same thing again: http://www.theguardian.com/commentisfree/video/2015/feb/04/another-economic-crash-is-coming-how-did-this-happen-video

Corrected for you. Your figures were a tad out. If overestimating a figure by a multiple of 12 can be called a tad. www.parliament.uk/briefing-papers/sn00093.pdf

This is the truth. Here's an interesting piece which undermines any criticism Cameron and Osborne make of the last government's approach to the banks and shows that Balls was just as blind to the danger of unregulated markets. Prior to the collapse Labour were cockily congratulating themselves...