Wednesday, September 29, 2010
The Charles Beans on saver
Read the full interview and absoutely outraged that this chap is on board of BoE, especially this one: " first that the banking system in Britain did not collapse, wiping out their savings, precisely because the Bank of England acted as lender-of-last-resort to the private banks to demand high interest rates now is like having one's cake and eating it. " Mr Bean seemed to have forgotten that had we had a total melt down, he and his MPC friends would be out of job and pension as well. He also have taken no responsibility whatsoever for failure to prevent us to get into this mess. Astonishing.