Monday, June 29, 2009

Stephen King: Who will end this financial insanity? - Stephen King, Business Comment - The Independent

Stephen King: Who will end this financial insanity? - Stephen King, Business Comment - The Independent: "What matters is that the policies of the Bank of England and the Treasury are inextricably linked. UK policy now will work only on a co-operative basis. Until this essential point is recognised, the danger of public squabbles, undermining the credibility of all our economic policy arrangements, remains high. Presumably, George is secretly smiling."



Why do people believe we have an 'independent' regulator when the entire Board is appointed by the Treasury? My solution would be to merge the flaming lot of them into one and call it HM Treasury, no more squabbling and we know exactly where to point the finnger, is that too simple?

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