Alistair Darling: “Institutions have in some cases been prepared to lend to people without actually checking if they were ever going to repay it.”
“When someone comes up with a fantastic way of making money they need to ask, how is this money being made and what are the risks?”
No shit, Alistair (who is obviously trying to not upset his boss). You sound like a primary school teacher? Have you ever had a real job in a commercial environment?
You have to realise that being the Chancellor means that rather than telling us what everyone already knows, you’re supposed to tell us what you’re going to do about it.
(Update 2007-10-08: I had a look on Wikpedia and the Governments website at Alistair Darling’s profile. Just as I suspected, he’s a lawyer by trade and hasn’t actually worked in a competitive business environment. It’s not surprising that he doesn’t inspire confidence over running the economy.)
