Enemies of Reason Poundshop potshots at the media moral maze.

The irony of Gordon Brown bouncing in popularity during the financial crisis

Gordon Brown, for example, was as much in denial about financial realities as any toxic debt trader. In June last year, during his Mansion House speech, he boasted that 40 per cent of the world’s foreign equities are now traded here. “I congratulate you Lord Mayor and the City of London on these remarkable achievements, an era that history will record as the beginning of a new golden age for the City of London.”(2) The financial sector’s success had come about, he said, partly because the government had taken “a risk-based regulatory approach”. In the same hall three years before, he pledged that “in budget after budget I want us to do even more to encourage the risk takers”(3).

That twit Brown has been as responsible for this murky mess as anyone else - yet for some reason he's suddenly been rebranded as some kind of Moses leading us away from the gloom. Astonishing how he's managed to do it...

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