Brown Should Apologise Too

Of late, much has been made in the media of apologies by bankers who were partly responsible for this crisis. While the bankers, and the FSA were largely culpable for this whole mess, it seems that the politicians who encouraged it all are still trying to pretend it was nothing to do with them. Rather than apologise, the former chancellor is still trying to pin the blame on others, and especially American bankers.

Part of the process of recovery from this mess involves admitting that mistakes were made, recognising what those were, and promising not to repeat them. So far, we have heard nothing from the government on that front. I for one am not prepared to give the cretins who instructed the BoE to ignore house price inflation another chance, because clearly they haven't learned from their mistakes. What's more, their efforts during this financial crisis seem only to be targetted at making the situation worse, ie encouraging people to blow their savings or take out more unaffordable debt. That is not an option for most of us as we increasingly fear for our jobs, and in some cases - targetting savers - government policy appears little more than nasty and spiteful.

Consequently, I've now stopped listening to anything the government has to say. I don't necessarily believe the Tories or Lib Dems will be great, but they'll be better than the vindictive pension thieves and savings wreckers who are presently determined to drive us all into the ground. A simple apology from Brown, recognising his part in encouraging the massive unsustainable debt bubble in this country, and assurances that he will do all in his power to encourage the savings culture, would go some way towards opening my mind again. Sadly, I cannot see the present pig-headed and narcissistic Labour party going down that road.