I quite like R.P. but the government must hate him. I'm surprised Gordo hasn't got an MI5 hit squad to take him out. On the BBC news last night, commenting on the fallout from the Madoff affair, R.P. said that hedge funds would soon start to go down like dominoes (my words - not his - but he may as well have said that) and, in their wake, more Ponzi schemes would emerge and that in all probability Bernard Madoff isn't the largest one! I think that was pretty irresponsible of him - unless of course he knows something we don't. Either way, it adds up to scare mongering and is more likely to result in investors taking money out of hedge funds and the like than it is in them leaving or adding to their existing investments. His role appears to have shifted from that of unbiased journo' reporting events, to a commentator whose views could well influence events - almost invariably negatively. In this regard, I think his assessment of the Madoff affair - and its likely fallout - is quite worrying and I wonder if perhaps he should have his wings clipped.
Tim.
