It is clear that Robert Peston has an incredible network of contacts and walks through doors inaccessible to most of the other media personnel. He knows the truth.

However, he is tightly constrained to reporting 'what is acceptable' and 'what is on record'. When he strayed from this in the past it upset the markets and there was tremendous pressure on the BBC to rein him in.

Oh, the stories he could tell!

I think it depends on whether you can speak with authority or not. When somebody like Golem or GreatGrandDad or Eachran post to websites like The Guardian, I've noticed that the petty arguments such as 'haves versus have-nots', 'private versus public', 'Thatcher versus Blair years' suddenly diminish, for a short time, and some serious questions are posed by other contributors.
Those with the authority – the facts to back up the prose – must produce the material. Followers (like me) must point people in the direction of the material by posting links to sites like this one.
If you get enough followers then some of those people will want to be activists, and some will be in a position of power to spread the word far and wide.

What do think of Preston?

Frog2,

Salut. Ça va?

I think the levey, even their $19 Billion just agreed is window dressing. Divide it by the number of banks and other financial insitutions and what each bank has to pay is tea money.

The cost of dealing with a failing bank is going to be paid up front by the public and 'recouped' later – ie never.

It's what I thought. Pure Pipo as you would say.

Yes next Tier up is where we are headed. CB's floundering before long.

The debts overwhelm all their silly provisions.

Hmmm, but the non-performing loans and other garbage in the balance sheets are already far far more than the banks' capital, so any levy will be ineffective compared to the mountain ?

You've pointed that out in relation to the Regionals bleeding the FDIC so it's going to run out of funds in a few months .

Next tier up are the Central Banks…

After you have finished gagging on the sycophantic content, contrast this with the readers' feedback. LOL

I can see the light, but I'm not sure I can walk that far.

On a positive note, I think processes or organisms that fail to adapt are often removed by nature (call it an invisible hand!)
Maybe redundant politics and systems will simply be overwhelmed by the changing circumstances.