Editorial

Rumours are spreading all over the city that a leading government regulator may well be declared insolvent in the next week or so if a a deal with its bank is not made.  Another high street bank may well be nationalised, and even newspapers, television stations, retail outlets are in the firing line of this unforgiving economic collapse.

The blame has to be leveled now at the banks who have failed to free up the financial system and start normal lending practices and allow company's to trade out of recession.

The Governments total lack of understanding and its failure to help the people of this country, the ones who save their pennies and pay their mortgage each month are the ones who are ultimately the back bone of the economy.

We are in jeopardy of total collapse because the pillars that prop up the financial system are crumbling daily.  How is it possible that entire banks like Lloyds, RBS and others are seeking massive government bail outs?  How much more can the system take with record number of companies showing negative cash-flows and making redundancies?

An idiot radio presenter on the BBC recently said and I quote:

"I have not seen the recession, and I don't know anyone who has been affected".  Without wanting to name the presenter just take a look at the high streets in any of London's boroughs and tell me you cannot see the recession. If you are a BBC employee on your nice stable wages each month from public funds, of course you will not see the recession.  Ask however ITV executives, staff at News International, Trinity Mirror, Johnston Press and other media groups making cuts at the moment.

The next big casualty will be the truth, this government wants to hide the scandal that has caused the recession, the collusion between the government and bankers and the cover-up in trying to hide the scale of this financial disaster.