editorial cartoons

Brown and chancellor Darling finally acknowledge that ailing bank Northern Rock must be nationalised. Such a Socialist-sounding word is never uttered in the process - the bank is merely being "temporarily taken into public ownership". Which is completely different. It is widely concluded that Brown has lost confidence in Darling, who gives the appearance of a man unfamiliar with the essential identifiers of arse and elbow. Brown, the man who - as chancellor - had created the ambient laissez-faire financial conditions which led to the crash by not sufficiently monitoring the FSA's and the Bank of England's monetary policing role, has seemingly emerged in a better position than Darling, who appears to be well and truly paddle-less up Shit Creek.

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