Monthly Archives: February 2009

The narrative is pretty clear – it woz the Banks wot done it! The BBC is retailing the government spin that our current financial meltdown is primarily down to the reckless behaviour of the Banks – the so-called “Casino Banking”. If you read this BBC article you will note that it finishes by giving the Lib-Dems the final word on the issue, allowing the wretched Nick Clegg the opportunity to push one more polished knife into the back of the Banks. But it is not that simple and we are not that gullible. Why does the BBC shy away from talking about casino politics? After more than a decade of debt driven “growth” with Brown crowing he had done away with boom and bust isn’t there at least a case for Brown to answer? So why is the BBC so coy about prosecuting this as it seeks to identify all the causes of the depres…sorry recession we are now living in? During all those years when the Conservatives were in power, the BBC was in full on attack mode. But once Labour entered Downing Street, the reverse gear was engaged and a decade of benign indifference to the handling of the UK economy commenced – and clearly old habits die hard. Can you IMAGINE if Thatcher were still PM and she had assured us that she had abolished boom and bust the BBC response? But the BBC allows Brown to hunker in his bunker and instead reserves the bile for the Bankers.