Mark Carney has reportedly said that current banking scandals:
mean it is simply untenable now to argue that the problem is one of a few bad apples. The issue is with the barrels in which they are stored.
That's the good news. Realisation is the precursor of change.
Now, when is the orchard being cleared, Mr Carney? That's what we want to know now.
----------
Please note that I am out of action for normal work purposes at present as I am still recovering from an operation to have my gall bladder removed. I am blogging occasionally but comment moderation may take a while. I hope to be back to normal soon.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Buy me a coffee!
It won’t be -too big to fail holds the gun to the BofE’s head still. Slaps on the wrist will continue.
All I see happening is the Big Banks moaning to a certain Mr Osbourne that they can’t work with Mr Carney and then the latter having to leave and find another job.
The twelfth of never.
Most likely…