Labour and the banking crisis

Prior to the banking crisis, there was a capitalist neoliberal conspiracy to de-regulate the financial and banking sector, thus rendering almost inevitable the total crash of the house of cards, based as it was upon fictitious capital underwritten by ludicrous ...loans that ran to billions. Gordon Brown was deeply implicated in this process, which began with Thatcher and the "Big Bang Day" of 1986 and which continued unabated through 10 years of "new Labour" government.

Banks were allowed and encouraged - nay, rewarded - to be irresponsible idiots by 20 years of state-sponsored casino capitalism. Exactly half of that period was under a Labour government.

Plenty of people foresaw the bursting of the bubble, but very few knew when it would happen. Instead of repairing the damage and doing something useful, like...er, how about, NATIONALISING THE BANKS...? ...instead, Brown took the option of giving them shitloads of billions without exerting any control over them WHATSOEVER. Good work, Gordon.

Not.