Interesting analogy from the BBC’s outgoing Washington correspondent Justin Webb in his last report from the US for Radio 4′s From Our Own Correspondent . Having described the country as “little more than an eating competition, a giant, gaudy, manic effort to stuff grease and gunge into already sated innards,” he goes on to analyse the origins of the global financial crisis:
You could argue that the sub-prime mortgage crisis – the Ground Zero of the world recession – was caused mainly by greed: a lack of proportion, a lack of proper respect for the natural way of things that persuaded companies to stuff mortgages into the mouths of folks whose credit rating was always likely to induce an eventual spray of vomit.
As one of Justin’s American friends might say: Eww! Gross!
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