Baroness Vadera: 'I Still Have Nightmares About The Financial Crisis'

Telegraph:

The former Government minister and one of the architects of the British efforts to rescue the financial system, told a high-level business conference in Sussex: "I don't think we are through it yet -- an IMF study showed at the middle of this year that banks had only declared half their losses on their books: we have a long way to go."

Read the whole story: Telegraph

Comments

[FreedomCorpse]

08:15 AM on 12/10/2009

there is a difference between dreaming the nightmare and living it

[sheaintsayin]

02:13 AM on 12/10/2009

Ms Vadera, Ms Warren, Mr. Volcker, Glass-Stea­gall v Geithner, Bernanke, Summers: I'm 'banking' on the group on the left...

[nopilikia]

12:15 AM on 12/10/2009

A Steven King novel and we haven't awaken to the fact we are the story.

[invest in jobs]

03:46 PM on 12/09/2009

The Obammi cabinet & the fed is doing everything in their power to ensure the economy recovers ASAP for wall street first, while main street is neglected. We get a useless stimulus program which only ads to the deficit while yielding scant 'shovel ready' or 'green jobs'. Krugman is right in that we need a stimulus for job creation.

good articles; http://fin­anceopinio­nss.blogsp­ot.com
stock market keeps going up while ppl cant find jobs. great country.

[LunaPark]

03:30 PM on 12/09/2009

How can a bank NOT report its losses? Isn't that fraud?

[whoknew---]

02:22 PM on 12/09/2009

Considerin­g the precarious financial situation in Greece unfolding right now and the recent turmoil in Dubai this crisis is far from over.

Any one of these countries will have a profound effect on the global economy.

[AfricanusI]

02:08 PM on 12/09/2009

I mean the fact that Obama isn't seeing that Bernanke, Geithner and Summers are up to no good is surprising­. I mean c'mon bro!

[ny10013]

03:31 PM on 12/09/2009

+1

[kgb999]

01:22 PM on 12/09/2009

Now that's ironic ... I know a lot of people who are still *living* a nightmare because of the financial crisis .... imagine she wants to swap?

[losingitbigtime]

12:09 PM on 12/09/2009

Nightmares means she has a conscience­. Hey Britain, can we trade Geithner for the Baroness?

[mrspiffy]

11:06 AM on 12/09/2009

Smart cookie. They all should be having nightmares­. Keeps 'em on their toes.
http://yie­ldpig.blog­spot.com/

[invest in jobs]

10:58 AM on 12/09/2009

it;s unfortunat­e Obama is taking advice from neoconserv­ative, globalist economists like Bernanke, Geithner & Summers instead of being more receptive to Krugman & Volcker.

hat tip to: http://fin­anceopinio­nss.blogsp­ot.com

[vippy]

01:26 PM on 12/09/2009

Me thinks there is someone in the background telling Obama what do do!