No.
I was, as Mintball said, referring to the banking meltdown of 2008.

As it happens, your description doesn't appear to tie in with Abbey's agreement to merge with Santander in an £8bn deal in 2004 or Santander's takeover of Alliance & Leicester's for £1.3bn in 2008 or the £150m that Santander paid for B&B's savings accounts and branches after B&B went absobloodylutelytitsup.
It sounds like you would argue that the valuations that were made were less than they were worth ... but those were the deals and share values can go down as well as up.
I'd suggest that's worthy of a thread of its own if you want to debate it.

Why shouldn't we blame banks and financial institutions for a banking and financial crisis?
Will you please answer the question, do you think the Labour governments policies caused Lehmann Brothers to fail?

So Brown was to blame for Lehman Brothers etc? And the financial crisis in the UK was completely isolated and unconnected from the global financial crisis?



Yerr ... 'cos that there TUC only got data from them there councils, and them there councils all told porkies so those aren't facts ...

Yerr ...

If you try harder, you might manage to avoid looking like such a complete twerp.

No, no: that's wrong. He never ever dodges questions. And he asserts this, so it must be true.

If he believes it to be true ...

Well they did build up a deficit in boom years.