City of London - (Disaster Press): The Northern Rock insolvency is precipitating a UK house market crash which will peak by next Saturday's Yom Kippur Day of Atonement feastday.
That is the forecast from IMF analysts who say Gorgon Brown's reckless credit binge of the last ten years has fueled an unprecedented credit binge and institutional greed not seen since the heady Thatcher days.
"The run on Northern Rock will continue until Tuesday we think," an IMF source said today.
"We then expect the Serious Fraud Office cops move in and take the bank's CEO Adam Applegarth down to HMP Belmarsh where he'll be locked up without making bail.
"A raft of other finacial institutions like Barclays are also involved as well as tossers in the Finacial Services Authority City regulator. Expect half a dozen arrests there.
"By Friday we think a dozen or so banks and building societies will have nailed up their doors, closed down cash-points and funelled whatever dosh they have left to secret offshore havens run by Putin's men in the Treasury.
"Then the Day of Atonement on 22 September could well turn out to be the Day of Judgement for the City of London!"