Wednesday, Aug 02, 2006

Yet more BBC editors' opinions dressed up as facts

BBC News: Q&A: Rising bad debts

"The higher rates go, the more people are likely to opt to become insolvent. The doomsday scenario is that so many people go insolvent as to cause what is called a credit crunch - where the banks, to protect their own finances, cut back on lending severely, sending the economy into a downward spiral."

And why is a lending cutback a bad thing? Because it will send BBC editors' house prices into a tailspin!

Posted by paul @ 01:58 PM (459 views)
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2 Comments

1. bidin'matime said...

All seems fairly straight comment to me. Good to see the Beeb actually contemplating this possibilty.

Wednesday, August 2, 2006 10:02PM Report Comment
 

2. jason said...

I can't believe they said "credit crunch". Like OMG!

Thursday, August 3, 2006 01:00AM Report Comment
 

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