Brown ‘wanted financial early warning system 10 years ago’

The Prime Minister said today that he called for better financial regulation ten years ago.

Due to the reluctance of banks to lend to each other, mortgage and remortgage deals are now too expensive for many borrowers.

Mr Brown today claimed that he said in Harvard a decade ago that an early warning system and more regulation of the financial markets could avoid credit crises in future.

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2 Responses to “Brown ‘wanted financial early warning system 10 years ago’”

  1. Hugo Says:

    I would like to find the actual source for this. Interesting that he hasn’t made more of it until now. I suspect it’s just as the article says – he mentioned such a thing and little else.

  2. Brian Says:

    Hi has some gall to claim that now, 10 years later when we’re in a mess he suggests he could have avoided. Roll on Summer 2010.

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