‘We’re on the road to recovery’ says BBC’s Preston

BBC’s Robert Preston says that we can now relax a bit and be confident that our biggest banks our on the road to recovery, but the days of easy money are not here yet.

  • nineteensixtyseven

    I went to see Peston speak last Thursday and thought he was very good at explaining quite complex ideas in an accessible way. Definitely a good journalist. He’s one man whose share price has risen during this crisis anyway.

  • nineteensixtyseven

    Before anyone picks up on it I might add that I went to listen to him speak also 😉

  • Estragon

    “we can now relax a bit and be confident that our biggest banks our on the road to recovery.”

    tut tut.

  • blinding

    I can’t really put my finger on it but I cannot “grow a liking” for the man.

  • Pete Baker

    Andrew

    It’s Peston. Not Preston.

    And if you read the post, rather than the comments you linked to.

    Although “it may well be the day we could relax a bit and be confident that our biggest banks are on the road to recovery – that the risk of any of them going belly-up has diminished very significantly.”

    Peston, everyone’s hero, goes on to say,

    And what matters most is that (at long last) we’re probably through the initial phase of the global economic shock – which was all about the seizing up of financial markets, the contraction of the banking system and the collapse of individual banks.

    What we have to contend with now is the consequence of that almost unprecedented systemic financial meltdown: recession.