[familyop]

"Mr Cameron accused the Prime Minister of presiding over a "huge expansion of public and private debt" during his decade as Chancellor.

Writing for The Sunday Telegraph, the Conservative leader declared: 'Though the current crisis may have had its trigger in the US, over the past decade the gun has been loaded at home.'"

And offering higher interest rates for savings didn't help. How long can a nation administer so much business that actually happens elsewhere?

[bruinbirdman]

"the current crisis may have had its trigger in the US, over the past decade the gun has been loaded at home.' "

"The former building society used to account for 2% of the total mortgage market a decade ago, but its share now stands at about 9%.

In the first six months of this year, it was responsible for one in five new mortgages and offered generous loans - up to 125% of the value of the property - to first-time buyers."

yitbos

[Androcles]

How long can a nation administer so much business that actually happens elsewhere?

That affects the US too - especially since the US$ as reserve currency has benefitted the US greatly in worldwide transactions they have no involvement in. The US is still bigger than Britain in direct business involvement, but it doesn't dominate the scene in reality the way it did several decades ago. The degradation of the US manufacturing sector especially has seen to that.