The Last Chance Of Freedom

It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.

Thursday, March 1, 2012

Sir Mervyn King accuses banks of profiting at taxpayers' expense by rigging lending

By Philip Aldrick

In a remarkable outburst at the Treasury Select Committee, Sir Mervyn launched a scathing attack on the banks and claimed that Labour had been too easily swayed by the forceful banking lobby when in power.

He also dismissed the threat to the UK's AAA sovereign credit rating – urging the Government not to be "slaves to the rating agencies", while testimony by a colleague revealed a split among rate-setters over how quantitative easing (QE) should be conducted.

In some of his most outspoken comments about the banks, he said the industry had been an obstacle to Government efforts to raise the level of small and medium-sized (SME) business lending to stimulate the recovery.

The Last Chance Of Freedom

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Thursday, March 1, 2012

Sir Mervyn King accuses banks of profiting at taxpayers' expense by rigging lending

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