Gillian Tett looks beyond yesterday's Today item on "jurisdiction shopping" by banks. She warns there is an unintended consequence of the current worldwide desire to bash the bankers. Legislators in key countries are busy unilaterally changing internationally-agreed rules. Unfortunately, Tett says, this makes it more likely that practices illegal in one country but legal in another will be used to cover up looming catastrophes in the capital markets.
During his excellent session yesterday, Allan Little told the story of Jessica Lynch, the 19-year-old US Army Ordnance Clerk who was captured by Iraqi soldiers in 2003. Allan described how the truth about Private Lynch was spun into a fictional heroic fantasy by the Pentagon's top rotational surgeons. You can read the full version of Jessica's story here.




Alan Rusbridger, editor of the Guardian, News of the World boss Colin Myler and Ian Hislop of Private Eye