...Do you honestly think your banks bought mortgages because Bush told Brown to force them to?...
Thats exactly what I think, and it happens to be true. Why would our banks, already in dire straits, buy rubbish mortgages from the US unless forced? We all knew that this crash was coming.
...The welfare mentality may be fully ingrained over there, but there are still at least a few people here who work for a living...
You do realise you’re living in the Socialist Republic of the United States right?
Haha, don’t worry. I can see you don’t like Europeans much, and Brits even less. I have made a complaint about your offensive language, which was hardly contructive!
Go have a beer or something.
Their US subsidiaries actually bought the mortgages years ago, just like every other bank. I actually like you Brits quite a bit better than the rest of the Europeans, but if we were to total up debts throughout history, I'd think you'd find what you owe us is far greater than $175 billion, in current dollars.
By the way, your own crisis is just down the road. Consumer leverage in the UK is higher than it is here, and a much larger portion of your GDP comes from the financial sector.
Sorry about the offensive language though.