British television recently showed shocking images of queues of people standing outside branches of ...
British television recently showed shocking images of queues of people standing outside branches of the mortgage lender Northern Rock desperate to take their money out. It was an old-fashioned run on the bank, straight out of It's a Wonderful Life. Except this wasn't grainy black and white - it was in modern high-definition television, amplified by a 24-hour news media. The consequences of that will be profound, especially for Bank of England Governor Mervyn King, who is at the centre of this financial storm. Although he is a decent banker, the reality is King has made a terrible hash of ...
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