The Great Depression MkII


Mervyn King – At last an honest banker?

When BSD first began posting comments and news on the gathering global economic storm, the established wisdom amongst bankers and politicians was “Crisis – What Crisis?” Bankers continued to demonstrate unbridled greed and politicians stuck their heads firmly in the sand and hoped the problems would just blow away. The result of that persistent refusal to take necessary decisions has delayed the onset of a widespread depression but made the eventual depression that much more serious.


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Louise Mensch to quit as an MP, triggering Corby by-election


Conservative politician and novelist Louise Mensch is to stand down as an MP, the party has announced.

The MP for Corby is moving to New York with her three children to be with her husband of a year, Peter Mensch, who is manager of rock band Metallica.

Could this be an opportunity for the UK Independence Party to win its first Westminster seat? There are some indications that Tory voters are planning to register a protest at the LibDem management of the Coalition by lending their votes to the UK Independence Party.


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