MONDAY, SEPTEMBER 22, 2008
Peston "Fisks" Marrs Brown Interview
Implicitly critical of Marr for letting Gordon off the hook, Peston makes some good points:-
Monday, 22 September 2008
The BBC's business editor Robert Peston, currently the object of the frustrations of a substantial number of City fund managers who think he should be done for creating a false market in HBOS, has fiskedyesterday's Marr interview with Gordon.
Brown rightly resisted EU regulation of London's financial services, he now says he wants international regulation. Gordon says Britain's regulation was better than America's regulation. The FSA allowed Northern Rock to lend 125% against the asset to borrowers. Was that best practice? Peston, Gordon's biographer, says he is exhausted by the twisting of Brown.
Posted by Britannia Radio at 14:30