Inthenews.co.uk: UK and US 'share blame' over financial crisis
UK and US 'share blame' over world financial crisis
Gordon Brown has accepted that British banks must take their share of the blame for the global financial crisis. The prime minister has previously consistently emphasised the role of the United States in the turmoil stalking world markets and economies. But in an interview on Thursday he said irresponsible behaviour in the City had to be punished. "Most of this has come out of America and then affected the British banking system, but there have been abuses in our system as well and these have got to be dealt with too," Mr Brown told GMTV. "Where these guys have taken irresponsible risks; that is completely unacceptable. The problem is they didn't know what they were buying from America."
Labels: Britain, US Economic Meltdown
