The Telegraph makes me laugh. Just when it looks as though it has become a wholly-owned subsidiary of big interests like Centrica or EDF they publish something like this, having a good old prod at the banks.Yes folks, the banks are at it - again - this time briefing against Mervyn King, who'd ever have thought it eh ?
Seems they don't wish to be split up, but Liam Halligan disagrees ! Blimey: let's hope he cleared his piece of lèse majesté with the Telegraph's marketing people first. It's gonna get interesting when the Independent Commission on Banking gets into its stride.
ND
3 comments:
O/T sort of. Did you see John Mauldin's "Thoughts from the frontline" yesterday? Apparently Britain is the only country in the G20 which according to Rogoff has the conditions for hyper-inflation. Gulp.
http://www.financialsense.com/contributors/john-mauldin/inflation-and-hyperinflation
that is quite an essay - thanks, anon
gulp indeed
Useful little non-dispute that.
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