The Finance Zone | Mervyn King
It looks like the political fallout from the Bank of England’s decisions over the past few years are going to continue well into the future, oh and past April 2010 if there is an election called then.
So with David Blanchflower blaming Mervyn King in the New Statesman I wonder how long it will be before Mervyn or even Mr Darling rises to the bait.
Given that we have been watching from the Beach as it were, my thinking is that yes some earlier action would have been helpful, but we had no idea the Banks we going to suffer such a massive failure of regulation. Therefore calling into question the FSA’s overall attitude to everything.
Fingers crossed the in fighting will stop soon, and we can get back to some real politics along with a discussion about moving the economy forward.
Happy Days
Richard Smith
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