Post puffs a Fat Cat

bristol | media and culture | opinion/analysis Thursday October 16, 2008 01:11 by Bristol Evening Post Watch

The Post makes it clear where its allegiance lies in the financial crisis and shares its eceonimc remedy.

At the end of last week following days of collapsing banks and tax-payer funded handouts to scrounging spivs, it seemed like suddenly everyone was an anti-capitalist. There were protests in Wall Street, the City and here in Bristol against tax-funded bail-outs to the likes of Bradford and Bingley. Amid the political confusion even the Tories found themselves having to act angry at greed of the City fat-cats in order to keep up with public anger.

So how did our local rag and tribune of the people react to events? They ran another puff piece for Bristol’s fattest fat-cat Peter Hargreaves and his grubby stockbroking outfit Hargreaves Lansdown.

Whilst many ordinary Bristolians face jobs loses, pay cuts, home repossessions and soaring food and energy prices because of the economic crisis, the Evening Post thinks this is just the right time to print this sickening bit of PR for the stockbroker scum who are share responsibility for the crisis.

"Hargreaves Lansdown has been making money. It recently posted a rise in pre-tax profits from £40.6 million to £60.9m, despite the credit crunch that, yesterday, led to the semi-nationalisation of Britain’s high street banks"

Yes, isn’t it great that whilst some capitalists are suffering a little bit of the pain they deserve for the chaos they inflict on the world, our local, Bristol capitalists are still making money. Lots of it. At least we can all celebrate that, because they are from Bristol after all, and that’s what really matters.

Between the tedious insights into the life of this dull stockbroker (His thoughts on Post-It Notes - a waste of money, what car he drives - a Range Rover, his kids’ car - a Suzuki, blah blah blah) we are treated to some pretty offensive ideological bull. But because his views are presented in an interview (carried out by a feature writer not an economics reporter) Hargreave’s crap goes completely unchallenged. The piece is basically a page and a half of pro-capitalist propaganda in the middle of possibly the biggest ever capitalist crisis.

. . .

“I was desperate for Britain to have a recession seven or eight years ago. It puts the hand of caution on people and on governments.”

That’s right folks, this scumbag is just desperate for us all to suffer so that he can get richer. That’ll teach us.

And the Post’s moral lesson for us . . .

Full post at: http://eveningpostwatch.wordpress.com/2008/10/16/you-ca...rain/