Tags / bank of england
Bank of England Governor blasts bonus payouts
America Blog Oct 21 09Of course he's right, but why the constant big talk from those in power without backing it up? Whether in the US or UK, politicians and others in power have had a steady stream of blistering remarks but to date, there has been so little action.
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Bank of England, Big Oil warn on oil price shock
America Blog Sep 22 09Oh great. This is about the last thing any of us need now so hopefully they're all completely wrong about this.
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Tax income down, borrowing to rise sharply in UK
America Blog Aug 21 09Without a few tough decisions, this is precisely where the US is headed sooner than later. If there were any signs of anyone able to make tough decisions whether in Congress or the White House it might be averted but there will be no changes.
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British economic crisis to be difficult than forecasted, again
America Blog Aug 13 09Well now. Who would have expected that news? How many more times will we have to see more hype about the recovery only to be updated with a new dose of reality? On the upside, isn't it great that the bankers are doing so well? It's important that they keep on making money for respectable bonuses and avoid any and all responsibility for their global failure.
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UK Chancellor of the Exchequer slams bankers repeating bonus culture
America Blog Jul 03 09Glad to see someone in power has both a spine and a will to force change. Business as usual is not going to cut it though the bankers also know that without more games - gambles and leverage being among their favorites - they will not see the fat bonuses that they've come to expect.
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Lessons from the credit bubble
America Blog Jul 02 09Shares in banks may be have been ever so slightly ahead of the norm in this most recent run. The unrealistic expectations both from the banks as well as the buyers fed this distorted growth.
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Bank of England governor calls for end of "too big to fail"
America Blog Jun 19 09This kind of talk certainly won't endear him to the Obama administration who will have no such talk. Winding down "too big to fail" banks makes much too much sense except to those with political power in London or Washington.
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Negative equity reaches new heights in UK
America Blog Jun 13 09Credit excesses aren't just an American problem. Other parts of western Europe are radically different but the UK credit policies have had a lot in common with the US.
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