It's impressive really. Only a Labour government could get itself in to so much trouble - all of it's own making..
If Northern Rock had been properly regulated and the Chancellor of the day had made borrowing a bit more difficult, they might not be in the trouble they're in.
However, my main point is somewhat contradictory.
Labour cannot help but meddle in everything. They think it's their job. Bit of legislation here, bit there and before you know it, the free market is swaying and stumbling under so much regulation that it's impossible to call it a free market.
Northern Rock is an example of where they should probably have stayed out of it. House prices - another. Just let the system find an equilibrium and stop faffing about.
You see it comes down to one basic premise. Labour don't trust the general public to make their own decisions. We apparently all need to be looked after and saved from our inevitable mistakes because we are so stupid, we just can't do it on our own.
What a load of nonsense. Some of us are actually quite clever. (Maybe not me but people I know).