As the day of reckoning for the banking industry approaches, we turn the clock back one year to what this site was saying back then...
Prime Minister Brown says: “I told you so.”
Gordon Brown wishes people had listened to him back in the 80s when he warned investment bankers were a bunch of greedy, reckless gamblers.
“Over recent years people probably thought I was a champion of these casino capitalists as they created their toxic mortgage-backed securities that almost brought the Western economies to their knees. But nothing could be further from the truth.”
“It was only for the eleven years I was Chancellor of the Exchequer that I labelled the City of London “a creative hotbed and a centre of wealth generation.” It was only for eleven years that I gave these charlatans free rein to bleed this country dry.”
“But may I remind you, before this, back in the days of the evil Maggie Thatcher, I used to call these pinstriped terrorists a bunch of dodgy geysers who would sell their own grandmothers - or words to that effect.
“I say to you now: It is the other people who told me to make friends with these fat cats who actually bear responsibility for the financial meltdown that occurred in 2008. I, Gordon, fought long and hard against the off-balance sheet vehicles that these bankers and their creative accountant buddies in America employed to hide the true nature of debt, of their liabilities. And I did this by appropriating these very off-balance sheet vehicles and by putting them to good use hiding my own government’s debt instead.
“But sadly, it was to no avail.”
“I stand here before you today and I say with my hand on my heart: I, Gordon was right all along. Everyone should have listened to me when I said how bad these greedy bastards were. And as for all my old mates at Goldman Sachs and JP Morgan, and as for the Goldman bankers currently advising my government, I say simply this: Repent! Repent! Don’t be stupid, be like Gordon. Become a penitent sinner.
“Indeed, as the son of a Manse, and as a deeply, deeply religious soul, I will remind you that it was Jesus himself who threw the money lenders out of the Temple. Now, I personally think that this was going just a teensy-weensy bit too far. I would have let them stay in the Temple and even allowed them to carry on advising Pontius Pilate for the time being. And yet I still say unto these money-lenders: Repent! Repent! Or at least, please try to show that you are thinking about repenting. Could you? Please?
“And indeed when I Gordon Brown leave this office of No.10, I will no doubt go back to the very Manse where I was born and where I grew up. And verily will I re-examine my religious roots, those roots that gave me the moral compass that I possess even unto this day.
“Yeah, verily. That is what I Gordon, Son of Manse, shall do. Unless, of course, these banking scoundrels, these Satans, put temptation my way and offer me a lucrative job in the City of London, trying to sort out the total hash they’ve made of things. And, of course, I will not abandon them in their hour of need - but only because I possess an extremely charitable nature.