The founder and president of American hedge fund Kynikos Jim Chanos said that Brown and other G7 finance ministers were briefed more than a year before the economic crisis hit that banks were in danger.
Chanos, who made his name correctly predicting the downfall of Enron, said that Brown was told of the “canary in the coal mine” but chose to carry on regardless.
Shadow chancellor George Osborne says this is proof that Brown failed to act to protect Britain’s economy from the oncoming financial crisis.
Osborne said: “We all know Gordon Brown didn’t fix the roof when the sun was shining – and here it appears is yet another example of him getting clear advice at the time that that was a mistake.”
Chanos told a BBC Radio 4 documentary: “We were completely and officially ignored”.