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Sunday, 29th March 2009

Has Darling slipped up over the Dunfermline Building Society?

Fraser Nelson 6:21pm

Might the collapse of Dunfermline Building Society turn into a political scandal? Tonight, Channel Four news has an interview with Jim Faulds, its chairman, who appears to be saying the Treasury have been lying about him. He didn't want a bail out, he says, just a £20m loan (the spin had been that he wanted three to five times that). He also flatly denies Darling's claim that the building society had any sub-prime exposure.

Now, knowing the chaos surrounding every bank collapse it would be shocking but not surprising if Darling had misunderstood all this. Conspiracy theorists will note that, if he has slipped, it will be a good time for No 10 to send the dogs after him - punishing him for his collusion with Mervyn King over trying to stop Brown launching a second stimulus.

Darling was sounding mighty confident earlier, telling the BBC1 Politics Show "Mervyn King was right that all governments have to take a cautious stance. I speak to Mervyn King all the time so, no, I was not surprised." I would not be surprised if some knives come out for Daring now: this is how Brown operates. This story may just be the opening that Brown's attack dogs need.

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ken from glos

March 29th, 2009 6:33pm Report this comment

This so called Government is collapsing at a frightening rate.

If it carries on like this it wont last 14 weeks let alone 14 months.

oldrightie

March 29th, 2009 6:39pm Report this comment

Darling was a disgrace on Marr, as was the programme. Darling's shifty and mendacious performance was Brown in disguise. You could almost see the strings.

strapworld

March 29th, 2009 6:52pm Report this comment

If he did move against Darling, I reckon that would start the whole edifice to implode!

Darling could make a Geoffrey Howe resignation speech, where Brown would have to sit, pick his nose and squirm. Jack Straw would look contented like the Cheshire cat and Ms Harmon will be dreaming "It is my time"

The betting is will they last the Summer?

David Ossitt

March 29th, 2009 6:55pm Report this comment

This would be the opportunity for Darling to give his own Geoffrey Howe speach; now wouldn't that be a splended idea?

Alex

March 29th, 2009 6:57pm Report this comment

The thing is, it doesn't matter even if Darling has slipped up

The Labour Party, and in particular their front bench, will always be protected by our forever protective mainstream media, in particular the BBC, Channel 4, The Times et al.

TrevorsDen

March 29th, 2009 7:09pm Report this comment

Just how many bodies does Darling know the location of?

Probably not as many as Hoon since his continued survival must be due the secrets he threatens not to carry to the grave.

Mitch

March 29th, 2009 7:14pm Report this comment

Let slip the McBride of war.
Trouble is knowing the nutter with a stutters MO it wont work we will chuckle a bit and mourn another Nokia.

RobertD

March 29th, 2009 7:38pm Report this comment

All RBS needed was a little rights issue, then a substantial government underwritten rights issue with nil take up by shareholders, then a massive toxic asset insurance. Thats seems to be how these horrors unfold and it is not surprising if the Treasury have finally wised up to the fact that they might as well go in mob handed at the begining and establish the truth whatever the management want to claim.

However am I being too suspicious to think that the briefing against the Chancellor is coming from somewhere very near to Dunfirmline and it's local mafia via No10. Not only an opportunity for Brown's attack dogs, but a situation that they have actively engineered to punish Darling.

Bishop Hill

March 29th, 2009 8:22pm Report this comment

My father-in-law attended the Dunfermline BS AGM last time round. He says that the meeting was told told that the society had no exposure to sub-prime lending. This would appear to corroborate your story.

griff

March 29th, 2009 9:32pm Report this comment

The UK is in a catastrophic state.

King (Mervyn) meets Queen.

Cameron is meeting Obama.

Is it possible that a National Government is being considered?

golfwidow

March 29th, 2009 9:58pm Report this comment

Dumferline?

mckenzie

March 29th, 2009 10:19pm Report this comment

Correct me if I am wrong, but you seem to be confirming my own thoughts about Darling's coded message that he and King are in one mind. Things are pretty dam serious I believe, the Queen has sought private counsel with King also, suggesting serious doubts all round regarding Brown's bloody sanity. I think I am glad I do not know everything because the little I do seem to perceive is scary enough.

Tom Pride

March 29th, 2009 11:15pm Report this comment

This lot ain’t going nowhere before June 2010. There is no way they are giving up the extra pension that one year’s extra minister’s salary brings. They can see the writing on the wall. They are going to lose their seats and a hostile government is not going to soften the blow with cushy quango jobs for the boys and girls.

My prediction? It all depends on Alistair Darling. If he survives the coming onslaught then the country has a chance at the end of a long hard road of toil and sweat. If he goes down then the madman will scorch earth and borrow to the destruction of the currency and the UK’s creditworthiness.

If Darling is reshuffled does he get to make a resignation speech? If he goes under the No. 11 after tea with Merv then he certainly won’t.

Alfred T Mahan

March 30th, 2009 10:11am Report this comment

A party in power only voluntarily goes to the polls if it thinks it has a decent chance of winning. This bunch of mendacious no-hopers know the writing's on the wall and won't go near an election until the last possible moment.

He's no longer Macavity Brown - he's Micawber Brown.

BaiDaLong

March 30th, 2009 11:52am Report this comment

Life does imitate art, y'know......

'Oh! Darling, please believe me
I'll never do you no harm
Believe me when I tell you
I'll never do you no harm

Oh! Darling, if you leave me
I'll never make it alone
Believe me when I beg you
Don't ever leave me alone

When you told me you didn't need me anymore
Well you know I nearly broke down and cried
When you told me you didn't need me anymore
Well you know I nearly fell down and died'

Oh Darling, by John Lennon/Paul McCartney

Next week 'Dear Prudence'.....

hadrian

March 31st, 2009 12:35am Report this comment

Let's just say this little fiasco will not do Labour any good in the Kingdom of Fife! Mr Fauld's fury seems genuine enough to me. At this rate the only decent banks left in Scotland will be the tiny but unltra canny Airdrie Savings Bank ( eight branches) and the Clydesdale. Sad indeed.

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