Why have everybody turned against governor of Bank of England? Seems Mervin King is up to his neck in troubles. Strange that up till this year there were no complaints on his work. But now he turns out to be guilty in inflation spiking earlier this year and of handling of credit crunch.
Imho it is megascopic that banking crisis is artificial. Indeed Labour needs in lots of money for continue participating in military operations in Iraq and Afghanistan. So someone on high decided to improve situation and at the same time to feather his own nest at the expense of British depositors and taxpayers. Especially now when they’ve got ready-made scapegoat.
The trouble of Mr. King is that he’s too neutral in his unprejudiced in his political views. So crisis of banking system is very good cause for replacing him to more convenient and loyal person. And problem of liquidity Labour try to solve at the expense of tax proceeds into treasury and cutting of sum of refundable money to panicking depositors to Ј2,000.
I say that’s great fraud. And government is lining their pockets from our purses!!