Just Fancy That! II

Note: this post is a follow up to this one, and so, then as now, I'll say that if you think the BBC is the voice of truth or talk of the housing market makes you think longinly of death, you may want to skip it.

I talked below about the BBC's Gilliganesque expose on the mortgage market. Well, wouldcha'believe it, but it turns out we didn't get the whole story.

I mentioned that the BBC's chief witness was a self-confessed fraud, and that I though it was unethical that a representative from the Portman Building Society (the only lender representative that the BBC could dig up to support its loony theory) was able to babble about their conservative lending policy without anyone mentioning their not so conservative subsidiary, The Mortgage Works. Well, you'll never guess, but the frauds which Chief Witness guy was being investigated for involved mortgages put through Sun Bank, which has recently changed its name to.... errr, The Mortgage Works.

So, did the BBC cut a deal with the Portman to suppress evidence of specific wrongdoing if they'd agree to deliver a mea culpa on behalf of the whole industry ? Perish the thought! But there can be no doubt that the licence paying public was not given the full story, being deprived of facts which would surely have affected the credibility of the Portman representative in the eyes of any reasonable person. Something to bear in mind when you next hear the BBC trash babbling about journalistic standards.