Its a shot in the dark. The hope is to get the world's governments to
re-inflate a credit bubble with public finances. Will it work? Well,
it might be 50% likely to recover adequate lending.  But  even if it
does that the costs are huge.

If it don't work then we're in really deep trouble – utter catastrophe

The credit-crunch was better avoided than cured. If in 2004, when UK
domestic borrowing exceeded a historic £1.3 trillion, interest rates
had then been raised to 11% in response, we'd be in comparative clover
now.

But Brown didn't want to do that. He liked his credit-boom with his
high public spending and taunts to the Tories of their higher interest
rates.

Now look at us!

Thanks Gordon, you complete and utter bloody moron.