
Originally Posted by
christopher leigh
Back on the banking issue things are looking bad. Eric Daniels of Lloyds TSB pointed out that the banking disaster was caused by central banks(government) pumping too much liquidity into the markets. In other words he said "they were printing money." (His interview may still be on Sky news web site.)
Gordon Brown though was blaming the banks, and I could see from the look on his face that he didn't believe what he was saying.
Expect a bit of a lull before things really get bad. Sad to say.