Economy
In reply to the discussion: STOCK MARKET WATCH - Tuesday, 17 January 2012 [View all]Ghost Dog
(16,881 posts)... "There ought to be a market for ratings in the end and we want as much competition as possible so that we have a reputation that can be used."
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"If you expect a market economy to work efficiently, it has to be seen to be fair and the rewards have to be seen to be understood."...
/... http://news.sky.com/home/business/article/16151052
Uh huh.
King holds fast on Bank supervision
By Chris Giles, FT Economics Editor
The Bank of England on Tuesday rejected the core recommendation of MPs for a powerful supervisory board to strengthen its accountability and governance structures, insisting such a body would second guess the decisions of policymakers.
In its long-awaited response to the Treasury select committees proposals to clip the wings of what MPs see as an over-mighty Bank, Sir Mervyn King, the governor, accepted a need for new accountability mechanisms in some areas, but firmly rejected a substantive overhaul of the Banks governance arrangements.
/... http://www.ft.com/intl/cms/s/0/7617ba52-4100-11e1-8c33-00144feab49a.html#axzz1jjah4WtU
Of course. He wants to be able to buy and sell the Bank of england's reputation, at the cronies' convenience, in some 'dark pool' coffeehouse gentlemens' club exclusive-membership-marketplace.
Vote Britain, indeed. - ref: http://www.democraticunderground.com/1002177023 (Thanks, McGuire).