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Why Did The Bank Of England Warn The Government Not To Stop The Crash?

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The BOE did warn the gov multiple times, here are two found with a quick google search. Merv has been the person who has warned gordon repeatably, but others have joined in.

2002 Bell also commented that while the outlook for Britain and the world economy was somewhat brighter, the longer house prices continued to steam ahead, the greater was the risk of a crash.


2004 Bank of England governor Mervyn King has added his voice to the groundswell of opinion that Britain is heading for a recession.


Speaking about the banking and shares crisis, he said:"Not since the beginning of the First World War has our banking system been so close to collapse."
Edited by moosetea

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The BOE did warn the gov...

for those that haven't come across this before, google " Eddie George ex BoE Governor warned interest rates deliberately lowered to stoke boom" :ph34r:

this used to flag up a piece in the times iirc, but I can't find the exact link now.

I can find references on sites discussing it though.

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