28 October 2009

Mervyn King: 'Never has so much money been owed by so few to so many'.

"With City bonuses set to top £6bn this year, the Governor of the Bank of England echoes Churchill in devastating indictment of the banks."

This profound attack on the banks system and its iniquity from a top banker seems to have had little effect and seems to have gone unacknowledged.

The Churchill allusion is interesting.
Churchill was decent. He too would I think have baulked at the system of unfettered greed that we condone.