Friday, November 02, 2007

Worrying times!

From the business pages of The Times comes this news: Last night in New York, the Federal Reserve was forced to pump $41 billion (£19.7 billion) into the American financial system, the largest cash infusion since the September 2001 terrorist attacks. Barclays and Vodaphone seem to be the shares under pressure in London. Northern Rock has so far cost British taxpayers over seven hundred pounds each and the costs are still rising. What a time for Britain's Parliament to be recessed, one presumes because of the fright of the Prime Minister at the daily and ever growing evidence of his own past total incompetence AND that of almost every one of his Cabinet colleagues!

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