Banking tales from Colorado
As I cast my line into the deep pool, amid the blazing sunshine in the Colorado Rocky Mountains, the gillie reassured this amateur fisherwoman that the trout were “stupid” at this time of year due to the spawning season. Rather like rutting deer in the fall, he added. Or like board members who allow themselves to be distracted by new mistresses in the midst of company crises.
Choosing the right person for the job is crucial.
With key FSA powers now being incorporated into the Bank of England, questions are being raised about the stance of the ever more powerful Mervyn King, an academic economist. The Governor of the Bank of England does not believe it is a good thing to have multibillion dollar banks headquartered in the UK due to the bail-out cost in troubled times.