Monday, January 7, 2008
The buck passing has already begun
"I imagine we’ll see a lot of finger-pointing this year – the Bank of England has already taken the flack for Northern Rock. Now poor Americans, careless bankers and bloated City fat cats will be blamed for starting the credit crunch, and Britain will be told that it’s up to Big Gordon to clean up the mess. It’s a classic attempt to erase history and start with a clean page – Stalin himself would be proud. But Mr Brown won’t be able to find a clean page that easily – he’s spilled far too much red ink for that…"