Gordon Brown Says Sorry

Gordon Brown has apologised for his part in the failure of British banks:

Mr Brown said: "In the 1990s, the banks, they all came to us and said, 'Look, we don't want to be regulated, we want to be free of regulation'."

"All the complaints I was getting from people was, 'Look you're regulating them too much'. And actually the truth is that globally and nationally we should have been regulating them more," he added.

"So I've learnt from that. So you don't listen to the industry when they say, 'This is good for us'. You've got to talk about the whole public interest."

Oh wait, he hasn't apologised.

The Financial Times' Jim Pickard speculates that Gordon Brown has finally admitted responsibility because it's "better to come out with this now than be pinned down during the election TV debates by Cameron and Clegg". I rather suspect that Jim is correct, and that what we have here is a stage-managed show of contrition from a conceited, deceitful and arrogant bastard.