Mervyn King – At last an honest banker?
When BSD first began posting comments and news on the gathering global economic storm, the established wisdom amongst bankers and politicians was “Crisis – What Crisis?” Bankers continued to demonstrate unbridled greed and politicians stuck their heads firmly in the sand and hoped the problems would just blow away. The result of that persistent refusal to take necessary decisions has delayed the onset of a widespread depression but made the eventual depression that much more serious.
