Friday, October 10, 2008

Matthew Oakeshott warned ministers about Iceland's banks

The BBC website says that the Lib Dem peer Lord Oakeshott and the Tory MP Michael Fallon both warned ministers about the dangers of investing in Iceland in July:
"Alarm bells were ringing all over about the Icelandic banks and the Treasury must have been blind and deaf not to hear them," said Lord Oakeshott.
Incidentally, does anyone know if Matthew is related to the Conservative politcal philosopher Michael Oakeshott?

2 comments:

Frank H Little said...

No doubt inspired by warnings such as this downgrading of Glitnir by Standard & Poor's in April this year.

Anonymous said...

Or this:
http://www.webtvhub.com/watch-2006-news-video-peter-schiff-predicting-coming-recession-two-years-ago/

But unfortunally for UK this goes for all banks in the world. Stop being naive.