Wednesday, November 7

Now the Treasury is upset with the Bank of England!

Further to my note about Mervyn King, the Governor of the Bank of England pointing a finger at Alistair Darling, the Chancellor of the Exchequer, the Treasury seems to be saying that the Governor is naive.

I quote:
But the Treasury denied it had ignored a Bank call for urgent action to
reform the 1982 deposit insurance scheme. “We were certainly not aware that
somebody was ringing some enormous loud bell and we were ignoring it,” it said.

How moronic of these two. The Prime Minister hides, the FSA is quiet, the Central Bank and Treasury are pointing fingers at each other. Listen, you idiots, the reputation of the country, London and our financial system rests on the hope that you collective turkeys manage our money properly, not squabble like kids in a playground.

I am so upset with these three institutions and primarily these three fellows, Mervyn, Alistair and Gordon Brown. Thank you for your help in making London a world financial centre.

All this to be taken with a grain of piquant salt!!!

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