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It's a nice right wing take on the situation.I suppose you're going to say some terrible tornado blew in from the USA and swept all our money away?
Other countries suffered, mostly to a lesser extent. We were already standing tip-toe on a high wire, we only needed any shock, this was the one that happened to hit us.
Northern Rock was the main trigger, which was definitely a home-grown problem caused by a lack of regulation on lending.