Thursday, February 26, 2009

Why was this hard to say?

Mr King went on: "It's very hard to say to someone who appears to be very successful that what you are doing is potentially damaging to the rest of the economy."

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4838106/Mervyn-King-Impossible-to-say-how-much-capital-needed-to-shore-up-banking-system.html

When a horse breaks it's leg they put them down for a good reason, odds are they will NEVER be able to stand on their own again.
The hard part is in making the decision.

Mervyn King: 'Impossible to say' how much capital needed to shore up banking system
Mervyn King, the Governor of the Bank of England, has said it is "impossible to say" how much capital will be required to shore up the British banking system.