Saturday 7 January 2017

Morgan Stanley apologise for Project Fear propaganda

Morgan Stanley has followed the Bank of England's lead and apologised for getting it wrong over Brexit.

The disgraced American bank claimed that a Brexit vote would see itself and other banks pulling out of the UK. One of their employees who heads the British Bankers Association was caught out making false claims about banks having firm plans to leave the UK before the end of last year when the banks in question called him out as a liar. The bank made some of the most pessimistic predictions for Project Fear.

So that's two major players in Project Fear admitting they were wrong. Who's going to be next? The BBC? The Guardian? An MP?