Reply to: BBC News business editor

[Cowboy Bob]

You're obviously pretty ignorant if you believe that HMG were not culpable in the demise of Northern Rock.

Enlighten me then. How is HMG responsible for the collapse of a private company? Clearly it's nothing to do with the fact that Northern Rock didn't have the assets to pay back the savers who wanted to withdraw the money that they'd deposited there...

[Stan.goodvibes]

Okay, um...

I only get to read Peston on the BBC website, coz I aint sitting up all night to watch the BBC here in NZ. Out of all the commentary on all the websites I read I have to say I rate his one of the most informative.

Sorry.

*runs away*

[Cyberman]

The people who caused the run on Northern Rock were the muppets who ran it. I'm tired of hearing how a journalist is being irresponsible for causing this that and the other problem in the financial markets. If the traders can't think for themselves they shouldn't be doing the job. If they act on a report by a journalist whoever he or she may work for, then THEY should be locked up for being irresponsible with other people's money.

The more I hear about the financial markets, the more I realise what a bunch of idiots have effectively been running the economy (that'll be the bankers not the politicians), and the more I'm thinking we should go for the short term pain option, let the banks collapse, get these morons out of positions of power and start again with something that works better - i.e. only buying and selling things that exist would be a start, so only trade money if you have the assets to back it up.

At the end of the day, why should my tax go to keeping these idiots in champagne? Who isn't getting their share of the £50b that's now been diverted to the city?

Finally, I have no doubt that the other parties would have just as weak a spine as NL either. This is a failure of the whole system, not which colour it happens to be.

You're obviously pretty ignorant if you believe that HMG were not culpable in the demise of Northern Rock. I've no sympathy for HBOS etc because they bought masses of carp US securities.
Northern Rock did not buy US securities and thus had a clean balance sheet. Their only fault was having the audacity to want to roll-over loans from the moneymarkets which banks have done throughout history.

[Cyberman]

and the taxpayers. Fkin idiot.

You're the idiot. The taxpayer's will make a profit, and that is why this is going to court !!!

[Cowboy Bob]

and the taxpayers. Fkin idiot.

The people who caused the run on Northern Rock were the muppets who ran it. I'm tired of hearing how a journalist is being irresponsible for causing this that and the other problem in the financial markets. If the traders can't think for themselves they shouldn't be doing the job. If they act on a report by a journalist whoever he or she may work for, then THEY should be locked up for being irresponsible with other people's money.

The more I hear about the financial markets, the more I realise what a bunch of idiots have effectively been running the economy (that'll be the bankers not the politicians), and the more I'm thinking we should go for the short term pain option, let the banks collapse, get these morons out of positions of power and start again with something that works better - i.e. only buying and selling things that exist would be a start, so only trade money if you have the assets to back it up.

At the end of the day, why should my tax go to keeping these idiots in champagne? Who isn't getting their share of the £50b that's now been diverted to the city?

Finally, I have no doubt that the other parties would have just as weak a spine as NL either. This is a failure of the whole system, not which colour it happens to be.

[Alf W]

While I liked Evan Davis, once I read the rumours of his nipple piercings I couldn't focus on what he was saying.

Wasn't he known as 'Tinsel Tits' at the BBC?

[hyperD]

Dunno about breaking the law, I mean Piers Moron escaped jail... but the virtual shredders have been going overtime...this is exciting!

Peston blogging government spin before announcement

[Ruprect]

Not sure whether he has broken the law, but by virtue of causing a run on Northern Rock, he, HMG and the BBC have cost Rock shareholders, their staff and homeowners a lot of money.

and the taxpayers. Fkin idiot.

[moorfield]

While I liked Evan Davis, once I read the rumours of his nipple piercings I couldn't focus on what he was saying.

Prince Albert - is what I read.

[PRC1964]

While I liked Evan Davis, once I read the rumours of his nipple piercings I couldn't focus on what he was saying.

[BigTime]

Some of you may have noticed Robert Peston has replaced Evan Davis as the BBC news business editor.

I preferred Evan as he always made his reports interesting to listen too he made an effort in wrapping up the story in a neat analogy you me and the family pets could understand. He will always be remembered in my mind for "Good luck with that."

Robert Peston gets up my snout however. His favourite phrase "Now lets be clear"

Every-time he's on the news he says it. Sounds so patronising. Not to mentioned the format of his reports are appalling. Nothing constructive about them.


Rant over

evan was the economics editor

[Cyberman]

So has Peston broken the law? Could he do time for this? What about the BBC and its board?

Not sure whether he has broken the law, but by virtue of causing a run on Northern Rock, he, HMG and the BBC have cost Rock shareholders, their staff and homeowners a lot of money.

[Bob Dalek]

So has Peston broken the law? Could he do time for this? What about the BBC and its board?

If a law has been broken, then f--k all will happen. Come on, keep up.

[The Lone Gunman]

So has Peston broken the law? Could he do time for this? What about the BBC and its board?

[Bob Dalek]

I don't think they would dare do it again !!

I wouldn't bank on it. Whoops, a crap pun.