"Reining in Twitter..."

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....seems to be the big challenge for Leveson today - and what a challenge!

Senior MPs have said that Lord Justice Leveson must find a way to stop people from wrongly identifying people using social media channels, after Lord McAlpine was falsely accused of being a paedophile.

And what a silly "senior MP" - one Conor Burns:

"We are going to have to bring Facebook and Twitter under the same laws as libels committed by newspapers or television channels.”

Er, Mr Burns. Facebook and Twitter - as well as this blog and your secretary - are already subject to the same libel laws.

We elect these people but who selects them?

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...add sub-prime loans to business! Hey, that's a thought Vince!

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Sometimes I could cry. Vince Cable wants cheap loans to business from a state investment bank:

"It would almost certainly be necessary to lengthen the period in public ownership. It may well mean state-controlled banks being able to lend at cheaper rates than new commercial banks, thereby affecting the development of more diverse finance"

So fix the market, offer loans to people who can't pay them back at cheaper rates and all in the name of "growth". Are these people actually living on the same planet as me? Is their memory so short that they don't recall that it was cheap, government-sponsored loan-making that got us into the mess in the first place?

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