Vulnerable banks still sensitive to possible economic shocks, report says.

Just hold on a minute.

Put that into the news spoon journalism translator, and it comes out as:

Financial Crisis imminent.

That's a code red folks. Everyone to the bridge.

NS has every reason to be alarmed. The report says "the fragile state of Britain's banks mean they remain vulnerable, which could spark FRESH TURMOIL should new shocks hit the economy.

Should???

There's s typo for ya!

In today's news alone, we are looking at a collapse in our steel industry. Corus is about to fire 2000 staff from UK plants. There are stockpiles of steel all over the place (admittedly most of which is the result of the governments car scrappage scheme, but we remain positive). Demand has slumped. When the peak of the UK car scrappage scheme has passed (about now by NS's reckoning) we'll be at a virtual standstill. Is that crisis a big enough crisis to constitute it being a crisis???

Errrrr..

'but its not banking. we are talking about banks here'

Look pal, we're talking about the economy here. No pay-cheques, no banks. Comprende?