Monday, May 9, 2011

What a wonderful world

BOE Still Accentuating the Negative

"intentional or not, the Bank of England's policy has been to effect a massive transfer of wealth from prudent savers into the pockets of those same bankers who so heavily contributed to the financial crisis."

Posted by quiet guy @ 12:13 AM (1610 views)
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2 thoughts on “What a wonderful world

  • Note that none of the UK papers are admitting what WSJ has been saying for some time now – the BOE is basically no longer fit for purpose.

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  • who stole my pension? says:

    Still I suspected that Mervyn King will still be knighted for services to banking. Long gone are the days when the BOE governor would hang his head in shame. What a moron Mervyn is. When the mobs chase him down the street he will still be clueless.

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