Brown calls for honest and open lending

Link to the article

Last Modified: 22 Feb 2009
By: Channel 4 News

Gordon Brown says bankers must be stewards of our money not speculators with it.

Tougher Financial Regulation, Further Tax Cuts and increased Government Spending. Alongside seven other leaders in Berlin today, Gordon Brown claimed Europe was united in its policy response to an extraordinary financial crisis.

The prime minister told high street banks in Britain that he wanted the return of traditional and prudent lending practises and has asked the FSA to curb 100 per cent mortgages. His opponents said he should have done that five years ago when he was warned the loans were too risky.



Interview: Paul Myners

Paul Myners - the Financial Services Secretary responsible for setting up the asset protection scheme - talks to Krishnan Guru-Murthy.