The Mudcat Café TM
Thread #104793   Message #2150411
Posted By: Don(Wyziwyg)T
16-Sep-07 - 11:04 AM
Thread Name: BS: Banks going bust.
Subject: RE: BS: Banks going bust.
Northern Rock are merely the latest victims of an irresponsible, malicious media, who have forgotten the principles of reporting the news, and are busily engaged in manipulating same.

It is a crying shame that there are so many gullible idiots who fall for these stories, and rush to save their (totally unendangered) assets.

It completes the Media's self fulfilling prophecy by turning a glitch into a crisis, and rendering one of our most solid financial institutions liable to takeover, either by foreign conglomerates, or worse, by asset strippers.

The Media should be ashamed of their part in this, but of course they are not.

It would be very interesting to check whether any of those who floated this flying pig of a news story have since bought Northern Rock shares.

Don T.