Tuesday, Apr 29, 2008
A scapegoat on the way to market?
BBC News Online: Mervyn King set to face scrutiny
When Mervyn King appears before the Treasury Select Committee later, it will be the first public opportunity to discuss the £50bn-plus loan scheme for British banks which he unveiled on 21 April.
Many said Mr King's focus on "moral hazard" during that early period - the risk that special support for banks now would reward banks who had made reckless decisions in the past - was a reflection of his overly 'academic' approach to the financial markets.
Will Mr King 'eventually' have to fall on his sword, or be stabbed in the back?
Posted by rental john @ 12:38 PM (146 views) Add Comment
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