BBC: MF Global files for Chapter 11 bankruptcy protection.
US brokerage firm MF Global has filed for Chapter 11 bankruptcy protection after revealing £4bn of eurozone debt exposure....And now for the detail you don't get from the BBC...
Jon Corzine, who took over as chief executive of MF Global last year, made big bets on sovereign bonds issued by European countries, it is claimed.
Have you been enjoying BBC exasperation today that the economic figures have been BETTER than they were hoping for? All day long there has been a series of pundits having to repeat the GDP growth through gritted teeth before reverting to the Ed Balls mantra inanity that the growth isn't really growth and the ONLY way we can get our economy going forwards is...Vote Labour!
...for they shall be granted a BBC interview. With the anarcho-communist rabble polluting the space outside St. Paul's being asked to move on, the BBC needs to try and shore up support for these noble protesters. So, at 7.51am, the BBC wheeled on two London based Church of England clerics who performed as required. They expressed the required admiration for the bravery and courage of Swampy and his pals and were so dripping wet that I though their parish was the Thames!
You would need a heart of stone not to laugh at the BBC's horrified reaction to Greek PM Papandreo's decision to hold a referendum on the alleged "austerity measures." Could it be that even Greece has no confidence in the EU? Heaven forbid. Anyway, the BBC wheeled on Vicky Pryce, former head of the government's economic service, to tell us that the Greek people were "suffering terribly" because of the horrendous austerity imposed upon them (e.g paying taxes) and that perhaps Papandreo could win the referendum because, after all, the Greek people desperately want to stay in the EU (BBC meme alert) (BTW Ms Pryce is the former wife of Chris Huhne, and came to her office care of Labour, a few details the BBC conspicuously forgot to mention).
I'm not sure if anyone else was listening to the Today programme this morning but there was a remarkably cheap little attack on GOP Presidential potential candidate, Herman Cain around 7.23am. For some reason it's not referenced in the running order so I cannot link it for you but it consisted of a short introduction to Mr Cain who was quickly described as "facing sexual harassment charges" (Were he a Democrat I assume these would be seen as a sign of his humanity if not greatness - see under Clinton) before they played a 1991 ad of him singing an Ad for his Pizza company. Cain must unhinge the BBC hive mindset - here is a man who speaks of himself plainly as a black American, who has proven his commercial astuteness, and who speaks to unashamedly conservative values. It seems that not all black Presidential candidates are equal through the BBC prism and the patronising tripe served up this morning may yet come back to haunt them should Herman Cain #occupy the White House
