| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Vindiictive | |
| Posted by: | Philippa Bond | |
| Date/Time: | 28/01/25 00:18:00 |
| As everyone knows the 2010 problem was a global crisis caused by banks in America selling mortgages to people who were never going to be able to keep up the payments and they then bundled them up into financial packages which they sold to each other without question until someone realised they were worthless. The subsequent panic nearly broke the world's financial system not just Britain's and the Labour govt of the time was largely responsible at the time for the strategy which saved the world's economy which did involve borrowing large amounts of money by ALL western govts not just Britain. The falsehood that this crisis was somehow caused by the British govt on its own was a total fabrication by the right wing - the right wing whose free capitalist theories had encouraged the whole thing in the first place. |