Working reasonably hard and there is, therefore, no real news from Nottingham. Of course, when is there real news on the mainstream media? Therefore, it does no harm to content oneself with coming up for air and having a laugh at the political circus that invariably accompanies the unacceptable face of capitalism in this part of the world.
Thus, the Guardian tells us that “the investigation into interest rate-fixing in Britain’s banks won’t have the clout, or the reach, of the Leveson inquiry”. Yes, that is right, even less clout and less reach than the Leveson inquiry, which culminated in lawmakers saying that Rupert Murdoch “lacked credibility” and “is not a fit person to exercise the stewardship of a major international company.”
Well, while Rupert will, no doubt, be having sleepless nights because of that condemnation, it would appear that Bob Diamond, who has passed the buck and denounced his staff as ‘reprehensible’, will be spared a “confrontation” with the less than full force of the law. That’s right and instead we have a tête à tête with a group of politicians who he is on first name terms with and the promise of a further similar tête à tête, that won’t change one thing in a banking system that is rotten to the core.