Pain postponed

Would you have let all the banks go under? Millions lose their homes and proper unrest happen.

I would have regulated the banks and controlled public expenditure.

I would have regulated the banks and controlled public expenditure.

would have, could have, should have.
If you were calling for more regulation of the banks 3 years ago, you must have been one of the very few.

self certificated and 120% mortgages were obviously crusing for a bruising.I never agreed with setting up the FSA which was costly and made up of second raters who could not hack in the real world- somewhere for the thick kids of the ruling elite to while away time at our expesse.
I am sure the BOE would not have allowed such excess.
And as for uncontrolled public spending and the constantly fiddled golden rule then opposition to that excess is well documented.

The public spending budgets that the Conservatives pledged to match up until the crash?

I'd have regulated them less but stressed they were on their own. Knowing you have a safety net gives a false sense of security