http://www.ft.com/cms/s/0/53e54c1e-f0af-11dd-972c-0000779fd2ac.html

"Gordon Brown was on Sunday night accused of having “learnt nothing” from the economic crisis after he defended unorthodox mortgage loans worth 125 per cent of the value of a home.

After he was pressed on whether he should “shoulder the blame” for lax lending practices, Mr Brown insisted “high percentage mortgages” were fine as long as interest rates were low"

Astonishing that he believes this.

http://www.noelwatson.com/blog/PermaLink,guid,bc024a3b-6d2a-4ea1-bd0e-052811080655.aspx