To hear Robert Peston‘s account of the financial crisis you might wonder where he gets his information. He is a terrific reporter and seeker-out-of-scoops. But at what point does a journalist with really cut-glass sources stop being a journalist and start being – well – a cypher?
The ‘credit crunch’ as viewed by the just-nationalised Bradford & Bingley‘s buy-to-let mortgage company, Mortgage Express (just closed for business) in May, 2008: