Watching the news cycle today BQ and I have decided it has all worked out nicely for Gordon today. A huge news day, RBS having yet another bail-out and Lloyds to come tomorrow.
But what is the big story - Peston's Fred Goodwin RBS debacle. Amazingly too, letters from Paul Myners have come to light tonight too. It has all the hallmarks of a Mandelson type honey-trap.
Interestingly, Peston posted soon after the FSA yesterday had said that Brown was to blame for the light touch regulation that has got us into this mess.
As we know, Peston has a direct line to No10 and No11. I agree that Sir Fred is a ghoulish figure at the moment; a Karen Matthews for the banking classes. it is also a non-story in the sense that Goodwin has no legal reason to have to hand the money back.But today there was a lot of Government mess to get through, yet all the bad news fro the Government barely made the end of the broadcasts and will be buried well in the papers tomorrow.