Mervin King Bank Of England Governor gets real on Banks

Mervin King Governor of the BOE, gave a frank and honest interview to the ~Telegraph today setting out his fears on why he thinks the banking system is heading towards a repeat of the crisis of 2008. He states that the banks are just playing the same game as before, underwritten by the tax payer guarantee which shields them from market risk.


It seems that he is in favour of a full separation between the investment and retail spheres of banking, lets hope Mr King can rustle up the courage to back up this forceful talk and actually do something to protect us from these sharks.


http://www.telegraph.co.uk/comment/columnists/charlesmoore/8362464/Mervyn-King-is-right.-If-the-banks-face-no-risk-we-shall-all-go-down.html

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