2008 financial crisis Shaw has S.F.A. to do with a British Prime Minister who had been out of office for 17 years before it happened.

The person who caused the 2008 world financial crash was a President of the United States of America and his administration. The President's name was William Jefferson Clinton and he did the damage in 1998 when he told the two largest mortgage brokers in the US to ensure loans were arranged for people who should never have been lent a penny. He did this and those mortgage brokers complied on the inferred promise by Clinton and his administration that these loans would be guaranteed by the Federal Reserve Bank. Only problem was the Fed knew absolutely nothing about it. That sub-prime debt was sold all over the world based on that lie and when the bubble burst the world caught a cold. Very early on in the crisis GWB asked Congress for $731 million to cover the crisis and the request was refused - Obama and the Democrats wanted to be seen as riding in to the rescues, which they did the February after he took up office. Unfortunately it was far too late, confidence had been lost and the $840 million he had to spend could not stop the run - GWB of course should have been given the money when it could have done some good. So Shaw, nothing whatsoever to do with Thatcher, and in the years that our banks made enormous profits I didn't hear a squeak of protest or any objection from Labour who were in power.