Thursday, April 16, 2009

Ogabe Is One Of Those Politicians

clipped from www.reuters.com

* System had political architects, bankers believe


* Politicians "encouraged" people to borrow


* Public anger brewing for some time




By Laurence Fletcher


LONDON, April 16 (Reuters) - Bankers may rank below
journalists among the professions least trusted by Britons, but
they refuse to accept all the blame for the worst financial
crisis in 70 years.


Conceding they have done their fair share in creating the
crisis, many of those whose colleagues have been the target of
recriminations argue that the system had political architects.

"It's not fair to blame bankers for all the ills, when
clearly government policies have encouraged home ownership,
encouraged people to take out loans to buy things maybe they
can't afford," Cass's Moeller said.

Brown has a finer line to tread than President Barack Obama,
who took office after the collapse of Lehman Brothers and is
seeking to repair damage caused before he entered White House.

He's Mr. ACORN.