Monday, March 9, 2009
Mandelson - its not our fault
If anyone missed Mandelson's creepy performance on Sunday, here is a chance to see it.
The unelected business secretary regurgitates that old canard that the the crisis is due to that vague concept called globalization. Yet despite the UK economy diving into the deepest depression in 80 years, he remains "optimistic".
As for the banks "where we are now in relation to the banks is the right place to be in." Whatever that means.
Labels:
UK,
UK banking,
UK economy,
UK housing,
US housing bubble
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