Last week, he said: "This is a once in a Lifetime Crisis, and possibly the largest financial crisis of its kind in human history".

The comment made by the deputy governor of the Bank of England, Charlie Bean, was: "This is a once in a Lifetime Crisis, and possibly the largest financial crisis of its kind in human history".

The situation has been described by Charlie Bean, deputy governor of the Bank of England, as a, "once in a Lifetime Crisis, and possibly the largest financial crisis of its kind in human history".

He said: "This is a once in a Lifetime Crisis, and possibly the largest financial crisis of its kind in human history.

He created a regulatory system that allowed the biggest financial Crisis of Our Lifetime to develop entirely unnoticed.

I hope that an incoming Government will put at the forefront of the mission statement for every incoming Minister the need to separate what is desirable from what is affordable during the worst financial Crisis in Our Lifetime.

Make no mistake - this country faces its biggest humanitarian Crisis of Our Lifetime.