British-style "honest government":

"Britain was just three hours away from going bust last year after a secret run on the banks, one of Gordon Brown's Ministers has revealed.

City Minister Paul Myners disclosed that on Friday, October 10, the country was 'very close' to a complete banking collapse after 'major depositors' attempted to withdraw their money en masse.

The Mail on Sunday has been told that the Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block hole-in-the-wall cash withdrawals.

And later on....

"But 60-year-old Lord Myners was accused last night of being 'completely irresponsible' for admitting the scale of the crisis while the recession was still deepening and major institutions such as Barclays remain under intense pressure. "

Absolutely.

Not only should one lie when in government but one should keep lying as long as is humanly possible.

And people want to call our government irresponsible and mendacious?

Heh Brits - you folks need to play a little game called "1776" over there - like tomorrow.

PS: It's always worse when you lie and are later caught. Just ask Nixon, Clinton, or your market tomorrow, which I'm sure will react very "positively" to this news.

Our futures are down more than 1% at present and the Pound is getting destroyed, no doubt because of the revelation that your government has more in common with Herr Goebbels than a representative republic.

PPS: Oh President Obama! Yes, you. You've made all sorts of claims about "open government." How about some open government on what's up with those swap lines that Bernanke opened with the BOE, their status, how far upside down they are, how and when he expects to get paid back on those, and exactly how many billions the taxpayer is on the hook for - and why it was done? You don't think Bernanke played "let's keep a secret" too, do you?