Sir Mervyn King admits: we did too little to warn of economic crisis | Business | The Guardian

No truer words ever spoken! Gordon Brown is partly responsible, but the real changes took place in the 1980s when banks were allowed into the housing market!

http://www.guardian.co.uk/business/2012/may/02/mervyn-king-we-did-too-little-warn-economic-crisis?CMP=EMCNEWEML1355