Wednesday, August 2, 2006

Yet more BBC editors’ opinions dressed up as facts

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 (498 views)
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2 thoughts on “Yet more BBC editors’ opinions dressed up as facts

  • bidin'matime says:

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

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  • I can’t believe they said “credit crunch”. Like OMG!

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