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How British Bloggers Ignore The Banking Crisis
BANKING crisis. What banking crisis. Anorak covers the matter, but not everyone does:
Well, a quick sample has Ian Dale looking at an arcane issue on the constitution. Tim Worstall, whose blog has a reputation for economic comment, deals with the vexed question of mothers of struggling families who are shunning ready meals and buying cheaper fresh food as the credit crunch squeezes household budgets.
Worstall, incidentally, is press officer for UKIP, but do not look to that party’s website for anything either.
Then Devil’s Kitchen laments the loss of a blogger – in his usual foul-mouthed way – while Conservatives Home features the official Conservative Party blog. CH is to be congratulated on finding the only political blog worse than the UKIP website.
Strangely, Guido Fawkes does deal with the financial crisis. In an economically illiterate piece, he notes that the government can flood markets with liquidity “but that won’t can’t fix insolvency” – seemingly unaware that we have a liquidity crisis, not a solvency crisis. He should stick to his tittle-tattle.
MP Nadine Dorries, fêted by the chatterati, has not posted since Thursday, when she was eulogising over David Cameron. “He will be a great man, has all the qualities needed to become the next Churchill, my own personal political hero,” she writes.
Archbishop Cranmer looks at a plan to renew Britain – if we have one left after this week - while the Spectator Coffehouse blog does … Mandelson. Not a sheep does allotments – we’ll need those – and Daniel Hannan gets annoyed about the EU using this crisis “to adopt a series of deeply integrationist new measures while not even attempting to enforce free competition among its members.”
New media - same old bollocks. Until the new Anorak is come…
Posted: 6th, October 2008 | In: Money, Twitterings | Comment | Follow the Comments on our RSS feed:RSS 2.0
Comments
October 6th, 2008 at 2:49 pm
er I thought the Guido Fawkes guy had his own way of dealing with things…..
October 6th, 2008 at 2:54 pm
I’ve left a polite note suggesting that perhaps s/he might try reading all the pieces we have done on Anorak…
October 6th, 2008 at 3:11 pm
You are not on Iain Dale’s top 100 political blogs. Therefore, you don’t exist.
However, I will post a link and put you on my blogroll.
October 6th, 2008 at 3:21 pm
A British-accented Vladimir Ilych talks about the crsis from beyond the grave quite often @ leninology.blogspot.com
October 6th, 2008 at 3:38 pm
Doh! The liquidity seizure is because of fears of insolvency. That is why banks are hording their cash rather than lending to other credit risks. My years in the money markets did not go completely to waste.
Stick to sleb watching.
October 6th, 2008 at 3:48 pm
Oh I forgot, he’s actually from Northern Ireland, but lives in London.
October 6th, 2008 at 4:23 pm
North and Guido ??? We are not worthy, we are not worthy.
October 6th, 2008 at 4:54 pm
‘Doh! The liquidity seizure is because of fears of insolvency. That is why banks are hording their cash rather than lending to other credit risks. My years in the money markets did not go completely to waste.’
It sounds as if the waste headed in the other direction; I have done my best to make some sense out of that middle sentence, but it eludes me.
Oh well, back to the vexed question of what the hell we are going to do with all those guarantees on the Tsarist debt we repackaged and sold to Bolivia…
October 7th, 2008 at 9:50 am
Curiosity piqued, I opened guido fawke’s page in another tab and Firefox/NoScript warned of a potential XSS (cross-site scripting) attempt on my browser.
From NoScript’s FAQ page:
“XSS stands for Cross site scripting, a web application vulnerability which allows the attacker to inject malicious code from a certain site into a different site, and can be used by an attacker to “impersonate” a different user or to steal valuable information. This kind of vulnerability has clear implications for NoScript users, because if a whitelisted site is vulnerable to a XSS attack, the attacker can actually run JavaScript code injecting it into the vulnerable site and thus bypassing the whitelist. That’s why NoScript features unique and very effective Anti-XSS protection functionality, which prevents untrusted sites from injecting JavaScript code into a trusted web page via reflective XSS and makes NoScript’s whitelist bullet-proof”
This could be javascript code only partially running on his page due to my web protection software(s) over-zealousness (I’m no java expert, the last language I half-learned was c#). I am in no way accusing him or his site designer of anything untoward. It’s probably perfectly benign, but it has put me off ever going back.
I have to allow Google-analytics to run scripts for analysis of my page and puny attempts at blogging - but it’s the first time I have been warned of an XSS attack/attempt since I started using Firefox with the NoScript plug-in some months ago.
I hope he knows. I hope no-one has been faffing with his page without his knowledge. I hope my web protection is wrong or providing a false positive. I hope you’re all using Firefox.
[dump of my NoScript console output available to any real IT guru who wishes to reassure me]
October 7th, 2008 at 11:41 pm
The British know when they are beat and what good does it do to beat yourself up about something which you have absolutely no control over? The Brits are not so OTT as the Americans, and not quite as excitable as the Europeans - BORING maybe but certainly not stupid. We Brits know that when the going gets tough, the tough get going - we will survive through this banking crisis, and we will come out of it a better nation. Please do not take this as me saying that I agree with the Labour party politics - absolutely the opposite - I cant wait to get the buggers out, I think that they have covered up this lot until the eleventh hour, until there was no option but to let it all rip. So, we Brits realise that if we worry about the situation, we will be paying a huge amount of interest on our troubles. We will not starve, we will all be housed (if we want to be) and our kids will be educated. We will continue to have clean water, and there is absolutely nothing we can do about the weather (so what’s new?) My advice, for what it is worth, is to go about your daily life as before, and if and when the “crisis” really hits you (and I dont mean that you cant afford a night out in a flashy restaurant) and you really, really cannot manage through job loss, or whatever to feed you and yours, then help will still be there - trust me, I am British!!
October 8th, 2008 at 1:03 am
I have no idea what a liquidity or a solvency crisis is! I’m just hoping it ends before I sign up for a pension (although I have no idea what effect it would have on a pension!).
October 8th, 2008 at 1:09 am
annie1
I”ll go to the UK then