Friday, 27 February 2009

The Wheels are Coming Off

"We set up the Financial Services Authority to, you know before we came into power there was a sort of self regulatory system so you know they more or less regulated themselves. We brought in a statutory regulatory system, supervisory system, but of course we couldn't know exactly what was going on in every individual bank and it's only in the last few days to be honest that what has happened over this pension has come to light." Gordon Brown on Radio Oxford today.

Hat tip to Tory Dale

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