Tag: WikiLeaks

Mervyn King: “Systemic Insolvency Is Now The Problem”

Mervyn King: “Systemic Insolvency Is Now The Problem”

I want to take you through how we got from the financial system’s "systemic insolvency" to bailouts to record profits and bonuses again in the span of two years. From the WikiLeaks cables as published in the Guardian today regarding a meeting with the US Ambassador to the United Kingdom and the Bank of England Governor Mervyn King on 17 […]