Gordon Brown, Prime Minister of UK, on Bank Lending
By Barry Ritholtz - March 1st, 2009, 8:00AM
The British prime minister discusses the need for global banks to restart lending
Gordon Brown – James Gordon Brown MP (born 20 February 1951) is a British Labour politician and the Prime Minister of the United Kingdom of Great Britain and Northern Ireland. Brown assumed office in June 2007, after the resignation of Tony Blair and three days after becoming leader of the governing Labour Party. Before this, he served as Chancellor of the Exchequer in the Labour government from 1997 to 2007 under Blair. Brown has a PhD in history from the University of Edinburgh and spent his early career working as a TV journalist. He has been a Member of Parliament since 1983; first for Dunfermline East and since 2005 for Kirkcaldy and Cowdenbeath.
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March 1st, 2009 at 10:11 am
I wish I could hear Obama talk about the economy like this. Obama talking about the economy doesn’t give me confidence
March 2nd, 2009 at 4:02 pm
How scary for listeners on so many levels. First, you have an incompetent socialist who has a record of failure who has never learned from his own mistakes or from history. Second, you have the typical cultist climate change agenda creep into what should be a serious discussion about economics at a time when most voters don’t see climate change as a priority. Third, you have an admission that governments are trying to create an international regulatory body that will stifle business activity and allow idiot bureaucrats meddle in local economic affairs that are none of their business or concern. Forth, you have a revelation that people within the Obama administration are either lying or not aware of some very significant activities. (Paul Volker told Ron Paul and the Joint Economic Committee that he was unaware of any efforts to set up an international regulatory system of the type that Brown is discussing.) Fifth, Brown was the idiot that sold Britain’s gold right at the bottom of the bullion market. Why a bureaucrat like him is considered more credible than people who risk their own money is a mystery.