Sunday, 22 February 2009

Robert Peston goes up in my estimation.

Robert Peston has redeemed himself today by having a go at the sheer brass neck of Gordon Brown. How the hell can Brown make noises about stopping 100% mortgages when he allowed the banks to get away with issuing 125% ones? He has more neck than a jar full of Giraffes. Brown is trying to look like the saviour, putting the economy back on track. What he is actually doing is fixing his own mistakes, but it is too little, too late.

Peston says:
"They are the servants now".

That's the nub of Gordon Brown's vision for our banks, as outlined in an article he's written for the Observer newspaper.

Which in a sense is a statement of the obvious, since almost no British bank would be alive today if it weren't for the support of British taxpayers in the form of loans, guarantees and investment from us.

But what's striking is that although he has extraordinary and perhaps unprecedented power over the banks, the prime minister's programme of change for the banking system is strikingly conservative (small "c").

And much of what he's suggesting will be seen as closing a stable door that was left wide open during his many years as chancellor.
Full story.

4 comments:

Sean Lynch said...

Brown is as thck as pigs stuff and assumes everyone else is too, he's lived in mortal fear of elections and ballots, going out of his way to avoid them all his life.
He is a totalitarian Commie and always has been.
He should never have been given so much power as he is one of history's authoritarian dictactors who rules by dogma, diktat and decree, any civil disorder will be brutally supressed by his overtly politicized police, he is worse than a thousand Blairs and he will never be removed democratically.
He would certainly outlaw the opposition and is working feverishly to that end.

Wolfie said...

I don’t really call stating the bloody obvious for the umpteenth time a redeeming quality. Come the revolution I've got a noose ready with his name on it.

Glyn H said...

As there are no 100% mortgages available this is more piss and wind from our supreme leader, who is a malevolent and incompetent clown and the very reincarnation of Robert Maxwell. A bully who surrounds himself with sycophantic toads on the make – Balls, Draper, Robinson and the like. Some, such as Campbell and Donoghue are still around from those dear dead days now resurrected! As to Peston his father was one of the 364 accountants who proved themselves so spectacularly wrong, moaning to the Times about the 1981 Howe budget – and his son is a Brown groupie and a painful to hear struggling top make himself fluent!

Rayatcov said...

As Wolfie says:-
I don’t really call stating the bloody obvious for the umpteenth time a redeeming quality. Come the revolution I've got a noose ready with his name on it.

Will I be able to buy a piece of the rope as a keepsake.
By the way the quiet revolution has already started.