Thursday, December 06, 2007

Crisis! What crisis?

Gordon Brown to Dr Vincent Cable yesterday in Parliament when asked about Northern Rock: I am beginning to think that the hon. Gentleman is better at the jokes than at economics Anatole Kaletsky today in The Times, linked here: Meanwhile, the British banking system is on the verge of collapse, with total catastrophe only avoided by the biggest financial support operation ever offered to any private company by any government anywhere in the world.

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