Sunday, October 12, 2008

Peston

I read Pestons blog, but surely this man is a puppet (whether he knows it or not) of somebody near the top f our economic institutions.

He's clearly bright enough, and must have plenty of experience, but he keeps getting market defining stories for the Beeb, that no other media outlet seems to get a handle on.

Someone's feeding him, and someone powerful. As a peasant, I'll never know, but I figure we should be suspicious about the clarity and timing about the information he provides. Anybody else would be in serious trouble (although clearly in the world of *unregulated* world of Bloomberg chat, anything can be said) for manipulating the market

http://www.dailymail.co.uk/news/article-1058825/Share-sharks-190m-profits-HBOS-trading-minutes-BEFORE-BBC-announced-Lloyds-TSB-rescue.html

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