Category Archives: America

Responses to the crisis II

There’s an excellent expose in today’s Spectator of the origins of the the US sub-prime mortgage problem in the policies of the Clinton administration. A left-inspired attempt at social engineering by government pressurising the banks to abandon their traditional lending … Continue reading

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Responses to the crisis

The banking industry seems to have been hit by a ‘perfect storm’. Some people warned it years ago that the development of derivatives was heading it in that direction, but it didn’t listen much as big bonuses were to be … Continue reading

Posted in America, Conservatives, Labour, Politics | 1 Comment