City Unslicker rightly takes a very dim view of Banker Brown's latest madness in pushing the Crock to start lending again, big time, at the taxpayer's expense - or at least at the taxpayer's (enormous) risk, distorting the market with unfair competition into the bargain.
It is a disaster, the nationalisation of it was a disaster as I said at the time, the new policy of subsidising a falling house market is utterly without merit.
How very true. He goes on:
Why are the people doing this not being held to account? Why are the mainstream media not seeing the insanity and wanton wasting of billion in these ill-thought out measures? Why indeed. Well, at a guess, because they are punch drunk and utterly exhausted from the strain of keeping up with Brown's delusions and one disaster after another.
Which is understandable but a pity because the opinion polls have the Tories 12-15 points ahead of Labour. If only the MSM would make a little more effort and tell the truth as CU and other analysts do, the Tories would soar to a 60 point lead and then Brown might actually top himself.
Well, I can dream, can't I?
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Update: Quite. But only a partial summary of your mate's crime-sheet, Al.
(Hat tip to Obo.)
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