WHILE THE CAT’S AWAY ALI WILL DROP HIM IN IT.

From Ananova –Ali Darling has been gobbing off it seems, with Gord in the good old USA Ali has decided that “The Government needs to show "humility" over the problems which led to the financial crisis and economic recession,”

In an interview with The Daily Telegraph, he said there was a "collective responsibility" for the way the bonus culture in the banks had been allowed to develop, with "lots of lessons" to be learned by governments and regulators.

His contrite tone appeared to contrast with Gordon Brown who has consistently argued that the current crisis originated in the United States with the collapse of the sub-prime mortgage market.

Mr Darling told the paper: "There are a lot of lessons to be learnt by regulators, governments, all of us.

"The key thing that went wrong was that a culture was allowed to develop over the last 15 years or so where the relationship between what people did and what they got went way out of alignment, especially at the top end.

"If there is a fault, it is our collective responsibility. All of us have to have the humility to accept that over the last few years, things got out of alignment."

Mr Darling also conceded that there were problems with the way the system of financial regulation developed in recent years.

Seems it’s never too late to grow some balls.

“I believe that sometimes you have to look reality in the eye and deny it.” Garrison Keillor


Angus

Angus Dei on all and sundry

NHS Behind the headlines