More laughing?
I'll take it that you realise that your assertion that the Labour govt could have and should have averted the global banking crisis as 'The Labour Party were in charge of the country and could have regulated the banks' is rather silly then and you don't actually know much about a. The regulatory background in the UK b. The specifics around regulation in place at that time c. The enormous challenges around refusing such a vast and complex set of entities and d. The impact of the fact that actions outside the UK impacted on us.
The FSA had failings for sure, for you to lay the whole thing worldwide at the feet of one countries govt is way OTT though.
I also don't know why you think the Labour govt failed where conservative would presumably not, they are in favour of less regulation, not more.