Newcastle Council squanders millions on crazed property speculation

The absolutely incredible report on how a British Council is prepared to offer 95% mortgages on worthless property on which they have already squandered forty million pounds, first revealed on Channel 4 News on Sunday evening, may now be read about online. The link is here. Remember that Newcastle is one of the Councils falling under Lib/Dem control in recent years and that this same party of economic illiterates and left-wing incompetent weirdoes is now sharing national power in the new national 'Cameron Poliburo' see picture and video from here.