First the IMF and now Mervyn King
Former governor of the Bank of England Mervyn King has warned a global financial crash is imminent because governments, regulators and financial markets have failed to reform the banking system.
King was at the helm of the Bank of England between 2003 and 2013 and was the architect behind the £500 billion bailout of the UK banking system in 2008.
Rather than blaming his banking buddies King believes the route of the problem lies in our system of money and the structure of our banking system. Surely as the Governor of the Bank of England it was his job to ...