get ready to Reclaim London City
Sherman McCoy | 15.03.2008 12:05 | London
either indymedia posters are so well informed about the problems on global financial markets that they don't bother to report or analyse them or they can't be bothered- whichever it is its now time to get any money you can out of your bank and buy as much food as you can- the queues at Northern Rock were only the beginning- all financial markets will collapse once exchanges open on Monday
C'mon all you credit-crunch deniers out there, I'm fascinated to find out how you are going to blame Robert Peston's supposedly 'irresponsible journalism' this time for triggering the run on Bear Stearns.
Or now will you finally admit Northern Rock was just a big ponzi-scheme disguised as a bank?
The pensioners who queued up in September outside Northern Rock weren't panicking morons as you have implied on these blogs, they were sensibly voting with their feet just like the citizens of any ideological disaster being promoted by a corrupt government, whether its Tyneside's New Labour or East Berlin's Honecker.
But then surely from your perspective the mass media are now doing a wonderful job by covering the Shannon Matthews story to the total news-black-out exclusion of the possible collapse of every high street bank on Monday! (Not my hyperbole but the front page of the final edition of the London Evening Standard tonight).
hang on then, perhaps I'll have a go instead ... Citigroup next?
Or now will you finally admit Northern Rock was just a big ponzi-scheme disguised as a bank?
The pensioners who queued up in September outside Northern Rock weren't panicking morons as you have implied on these blogs, they were sensibly voting with their feet just like the citizens of any ideological disaster being promoted by a corrupt government, whether its Tyneside's New Labour or East Berlin's Honecker.
But then surely from your perspective the mass media are now doing a wonderful job by covering the Shannon Matthews story to the total news-black-out exclusion of the possible collapse of every high street bank on Monday! (Not my hyperbole but the front page of the final edition of the London Evening Standard tonight).
hang on then, perhaps I'll have a go instead ... Citigroup next?
Sherman McCoy
