Just say no As a long standing hack you would expect my sympathies normally to fall on the side of the embittered scribbler. Indeed, under any normal circumstances (ie ones in which my views have not been influenced by an offer of money) I would tend to, as they say, back the hack. However, sometimes an incident comes along in which you have to lay down your arms and admit that - just a little - you can understand why institutions get so annoyed at us members of the fourth estate. Take last week's Nymex press conference in London, at which Jim Newsome chatted about the "worst kept secret in the industry" - the exchange's planned move to London. Having said that Nymex was "in discussion" with FSA about a regulatory application, one journo asked if an application had been lodged. Newsome's response was a straightforward "no", tempered with the...