Sunday 19 April 2009

Eddie George

Sad to read about the death of the previous Bank of England Governor, Eddie George.

He was very successful as the first Governor managing an independent monetary policy. This was after expressing grave concern about the transfer of bank regulation to a new Financial Services Authority, without any clear responsibilities for financial stability being allocated. At Gordon Brown's instigation.

In the last year, he saw the consequence of that bad policy.

No comments: