Northern Rock Contagion, the Wheels are Coming Off

Buy-to-let lender Paragon Group, slumped 36% yesterday, plummeting for a second day, making the stock down 68% in the past month. Sub-prime fall out is spreading…


FACTS :

Every week 2,000 people go bust, triple the rate during 1991 recession.

Home affordability is at a historic low.

Brown’s supposedly successful stewardship of the economy was based on debt and mirrors.

The wheels are coming off the economy, Alan Greenspan himself, recently appointed by Gordon Brown as his economic adviser, says “Britain is more exposed than the United States.”



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Quote of the Day

Jo Swinson on Chris Rennard…

“Vince — and Tim before him — have repeatedly, publicly said Rennard is not welcome anywhere near their frontbench team, even as an adviser. I remain deeply frustrated that he was not expelled from the party through its disciplinary process. It just feels wrong, and I do not want Lord Rennard to continue as a member of the party. As far as I am concerned, he is not welcome.”

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