Sr. Guido Fawkes asks Who is Really to Blame for Northern Rock?
Robert Peston’s reporting for the BBC of the whole Northern Rock saga has had a “blame Mervyn” undertone to it. Today he basically peddles one of the two Treasury favoured spin lines; The Treasury’s primary spin-line is that it is all because of the sub-prime crisis in America and that no one could predict it coming. The second line of spin is that it is the Bank of England’s fault … Continue reading