Mervyn King vs. Goldman Sachs
What did the Governor of the Bank of England think of Goldman Sachs’ plan to wait until the 50p rate is cut in April to pay bonuses? At this morning’s Treasury Select Committee, Mervyn King declined Teresa Pearce’s invitation to label it ‘morally repugnant’ but did declare it ‘depressing’, ‘clumsy’ and ‘lacking in care and
