Tuesday, May 19, 2009

Expecting a different result

In his news conference yesterday, Gordon Brown talked a lot about switching the House of Commons from self-regulation to statutory regulation as a response to the MP expenses scandal. The last time Gordon Brown advocated that move, it was in terms of switching the financial sector from self-regulation to statutory regulation. Up until about 9 months ago, he was still claiming credit for it. As the financial crisis shows, it's hardly a magic formula.

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