Monday, 29 December 2014

Mervyn King and the crisis.

I gather that King (former governor of the Bank of England) said this morning “We have not yet got to the heart of what went wrong.”  That was on the BBC’s Today programme.  Well that’s cause for optimism!
I’ve actually noted before that Mervyn King is a bit of an academic dreamer who DOES PRODUCE occasional flashes of insight into banking problems: indeed Positive Money quotes two or three passages of his. But he isn't one to “effing solve this effing problem by this time yesterday”.

Of course no one can go around effing and blinding while governor of the Bank of England. But it would be nice if he was a bit more decisive.

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