Quote ="Mintball"I don't think that was what either El Barbudo or Him were meaning.
I think that they were referring not to what happened after the onset of the financial crisis, but what caused the financial crisis in the first place – hence mentions of Lehman Brothers etc.
The matter of how Brown handled the immediate aftermath is still up for debate, although some analysts have suggested that Brown's actions after the crisis hit, and the speed of them, possibly avoided the situation becoming worse – maybe even up to a full-scale depression.'"
Brown got it badly wrong all round. His dismantling of the regulatory framework & taking away control of interest rate from Bof E created the disaster. He doubled public spending on the back of tax receipts from the banks he cut loose. He then spent our money trying to cover his mess up when the crash hit.