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Bank of England governor admits more should have done to prevent the crisis

Friday, May 4th 2012 - 00:31 UTC
Full article 8 comments

After coming under fire for years for refusing to accept responsibility for the crisis, Bank of England governor Mervyn King said in his BBC Today Program Lecture that the BoE should have done more -- but added that the bank's hands had been somewhat tied. Read full article

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  • DanyBerger

    “Many analysts believe Mr King made the crisis worse than it would otherwise have been, by initially denying troubled banks the emergency funding they desperately needed in the early months of the debacle.”

    And they are continuing doing so.

    May 04th, 2012 - 05:26 am - Link - Report abuse 0
  • Xect

    As ever Dany totally incorrect through either ignorance or lies.

    http://www.bbc.co.uk/news/business-17950957

    May 04th, 2012 - 07:05 am - Link - Report abuse 0
  • Brit Bob

    @1

    Still we haven't got 25% inflation. But if we did have 25% inflation we would admit it not tell lies, lies and more damn lies.

    May 04th, 2012 - 01:23 pm - Link - Report abuse 0
  • DanyBerger

    @Xect & Brit Bob

    Here my prediction boys, end 2012 and 2013 will be a decisive timeline for UK debt.

    At the moment nothing significantly has change so UK will face a debt crisis like Italy and Spain.

    Write it somewhere and we will discuss in the future how to live by your own means.

    May 04th, 2012 - 04:46 pm - Link - Report abuse 0
  • Xect

    Ah more uneducated nonsense eh dany?

    Strong growth is predicted from later and into 2013, not that it matters to the end result since the UK can maintain its own positon.

    As for living within your means, the Argentinian government should come see you for that one Mr master economist given its had to resort to stealing companies and has at to implement draconian measures to stop money leaving the country and there's the trade policies and rampant inflation etc etc.....

    Write that down and we will discuss how wrong you are for the millionth time (this week).

    May 04th, 2012 - 04:59 pm - Link - Report abuse 0
  • row82

    http://www.facebook.com/pages/Misiones-y-Formosa-son-de-Paraguay/250980491652629

    Please like this page in order to force Argentina to return Misiones and Formosa Provinces to Paraguay, the country they were stolen from in 1870!

    Misiones and Formosa Provinces are provinces of Argentina that were seized and annaxed by Argentina from Paraguay this page is dedicated to address Argentine hyporcacy and ensuring their return to Paraguay.

    It's only right that Argentina first addresses its own hyocracy by re-examining its own history before talking about taking more land it has never had soverignty over. Not just the Falklands but South Georgia and the South Sandwhich Islands.

    May 04th, 2012 - 06:45 pm - Link - Report abuse 0
  • DanyBerger

    @Xect

    “Strong growth is predicted from later and into 2013, not that it matters to the end result since the UK can maintain its own positon.”

    Yeah, Yeah in your dreams.

    Do you mean this strong growth?
    http://www.youtube.com/watch?v=hHZf7nHM9gI
    http://www.youtube.com/watch?v=hHZf7nHM9gI

    Wow!

    You have to past “deflation” and then “stagflation” let’s say that may be in 2020 you will see any sign of real economy recovery perhaps.

    SYL

    May 05th, 2012 - 07:27 am - Link - Report abuse 0
  • cLOHO

    quick post a youtube video to validate a post. Try discussing the matter, twonk

    May 06th, 2012 - 07:43 am - Link - Report abuse 0

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