Man in a Shed: BBC report Lord Levy arrested !!!

Lord Levy arrested! See breaking news can come from the MSM after all !

What will Guido say ? :-) Ah of course he's here first .... looks like the BBC got there first with the event - but not the prediction.

So who's next eh ? ( I daren't even say who I'm hoping for .... )

Update: The BBC artcile quotes Nick Robinson as follows (highlighting mine )

BBC Political Editor Nick Robinson said the arrest was "deeply damaging for Tony Blair" because Lord Levy is a particular friend of the prime minister.

He said the fate of Lord Levy and Mr Blair was "intertwined". "It doesn't get much more serious than this," he said.

Maybe this is why Nick was doing his Cameron mick taking on his blog (I point you to Ted's comment just in case he wasn't ), to store up enough 'balance' to sock it to Blair when the real ammunition becomes avialable. - its just a thought, well more of a hope really-.

Update: Nick is pointing this issue as being about getting Blair in his blog- as opposed to justice. Not the line I would take even though its the outcome I would hope for.

Further Update: Great quote from Alex Salmond - "if Lord Levy had been wanted by the American police he's have been extradited by now" - Newsnight 22:51 12Jul06.

Yet more Update:
Guido outlines his case for the slower members of the MSM and dead tree press here...

The pound in your pocket

"We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists." James Callaghan

“The trouble with theoretical economists is that they don't understand that when you have a deficit, you can only finance it by borrowing, and you've got to persuade people that it's worth lending money to you and that they'll get their money back... there's no way of escaping it.” Dennis Healey during the 1976 Stirling Crisis.

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes, 1920.

"To preserve [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude." Thomas Jefferson, President of the United States of America,1801-1809.

Inflation is taxation without legislation .. Milton Friedman

2 comments:

Ellee Seymour said...: I think the writing was on the wall. Will Guido and Iain get the blame for this too?; 6:56 pm
Man in a Shed said...: I think Iain and Guido are going to be prime targets for the NuLabour media machine, and we know what that could mean. Lets hope we can stick together and prevent any bullying.

However - it seems NuLabour have a few problems of their own right now :-) .; 10:53 pm