This is certainly somewhat true. However, we were one of the first clubs in the UK to take the route we did, and that should have served as a significant warning to others about what could happen if they kept spending money they couldn't afford. The fact that we got through it, learned from our mistakes and continue to run a tight ship, while others have kept spending regardless and ended up in the same sort of trouble, does entitle JB to take a bit of the high ground from time to time IMHO.
(And let's not forget, his ever-so-slightly-sanctimonious performance on SSN is hardly the first Cardiff City had heard about it... we've been quietly and presumably, I'd imagine, somewhat sympathetically chasing the money for months, but failing to get it. So fair play to him for stirring it up a bit if you ask me.)