This seems like some kind of credit crunch milestone: a minister admitting that no-one, not even the government, can completely escape blame for the current financial crisis. In doing so, the City minister Paul Myners has departed from the line we’ve been hearing from No.10 so far – that, in the Age of Irresponsibility, the irresponsibility was all on the part of the bankers. The question is whether this change in tone has the blessing of the Team Brown spin merchants.
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