It was Brown himself who declared an end to the days of boom and bust. Erm sorry.....with a deregulated financial market that is an incredibly naive and foolish thing to say. If we had regulation and a division between consumer and investment banking then this entire saga would have been less than what it was. We could have allowed the investment bankers to fall over a cliff or at least nationalise them on a permanent basis thus being of benefit to society at large. Let those who lose their silly bonuses run away to Wall Street. Banks run by the state in the interests of those who invest in them. Less of the risk taking that is rampant in deregulated profits motivated investment banking.

Deregulation is as much Labour's responsibility as they were too ignorant to pay it the least bit of attention.