Ann Pettifor has returned to the subject and blogged her notes for a presentation to a conference entitled Just Banking.
Ha! Ha!
The arguments are well worth trawling through if you have any doubts at all that it is going to be a cold, cold winter.
The ground is also being prepared to blame us and those like us for the pickle we are in. The idea that it was a big boy called Gordie wot did it, and ran away, can only stretch so far in the collective Alzheimer syndrome that clouds The Mail, The Current Bum and the Torygraph! So now:-
Blaming the VictimAnd for those who like to see pictures, graphs even...
And, it is implied, those responsible for this spontaneous combustion are the victims.
‘Sub-prime borrowers’ are frequently named and blamed. Michigan hairdressers on $7 an hour with a mortgage sold fraudulently by the agents of banks at a very high rate of interest – are the innocents deemed culpable of bursting the vast global credit bubble.
Blame has been passed from criminal to victim: from the private banking system to government and to the public sector.
