Ben Bernanke - regarded by many as the world's most powerful banker - claimed the UK was ill-prepared to deal with the crisis in the wake of decisions made by Mr Brown when he was chancellor. In an extraordinary attack, Mr Bernanke said the Prime Minister's measures - which included stripping the BoE of its powers to regulate banks - had been responsible for the ' destructive run' on Northern Rock.
His comments will embarrass Mr Brown, who has refused to concede his decisions may have contributed to the economic crisis.
Mr Bernanke told the U.S. Senate: 'The government of Britain removed from the Bank of England most of its supervisory authorities. 'When the crisis hit - when Northern Rock came under stress - the Bank was completely in the dark and unable to deal effectively with what turned out to be a destructive run and a major problem for the British economy.
Brown will just not admit it was his fault. If you say GLOBAL financial crisis enough, even your own Cabinet will start to believe. I can't wait until he writes his autobiography. I wonder if he'll call it, MEA CULPA.