British bankers try to deflect the blame!

This is a bit rich. The British Bankers' Association has singled out Robert Peston and the BBC for acting "injudiciously" in reporting the problems at Northern Rock, the Treasury select committee heard. What a cheek! The bankers were propping up this cowboy outfit, knowing all along that it was a South Sea Bubble impersonator, and they have the brass neck to blame somebody else.

Robert Peston said, "Northern Rock, frankly, would have collapsed, it would be where it is today, irrespective of whether there had been that retail run". So come on you bankers. Face the music fairly. You have been greedy. You have been duplicitous. And you have nearly broken the back of the country.

Why should we be so bothered by your blatherings now?

Northern Rock 'n Roll

Robert Peston of the BBC reports that Northern Rock has made a £500 million loss but has made a sterling effort in paying back some of the taxpayers' money quicker than expected. Does it really matter if Northern Rock declares losses or gains as if it were still a bank in the private sector? I don't think so. The outfit is only fit for staying alive so long as it owes money to us, the taxpayers. The Government basically drained the lifeblood out of it. The business survives like some confined creature that has a starring role in Doctor Who. We'll keep on its good side until it is time to say "Exterminate! Exterminate!"

EU to probe Northern Rock lifeline!

Those snout-nosed number-crunchers from Brussels have been drawn into sniffing around the emergency government funding given to Northern Rock last year, after it was hard hit by the credit crunch. Some Danish bankers have complained to these bureaucrats that the British government is not playing fair.

All I'd say is that before these guys pick up their pens they start to look at the appalling accounting system within the confines of the Brussels Bureaucracy. Otherwise they'll look a bit like Robert Mugabe probing the London Mayoral election results, should there be a complaint.

The EU is in a mess financially, no accounts signed off for 13 years, and a simpering President, Jose Manuel Barroso, who no doubt knows how the brown envelope culture works, in complete denial.

Whatever the Northern Rock fiasco has created, it pales into insignificance compared to the collossal corruption emanating from Brussels!