"Brown's big gamble?" Or ours? Once again, even the Telegraph fails to recognise that our "prudent" Prime Minister is a mere trustee of the nation's wealth. It is not his to gamble.
I love the way the Northern Rock affair is described as a "contagion" which may spread. Given the government's handling of the foot and mouth crisis caused by its own negligence, it might do better to avoid such metaphors.
In truth, what is happening in the financial services sector is not a disease. It is not even unhealthy. It is the return of sanity after ten years of madness. But to a Government which has derived its popularity from the delusions brought on by that madness, sanity is a very ominous prospect.