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?
Wednesday, February 4, 2009
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