Is Mark Carney a Trojan Horse?

The new Governor of the Bank of England, Mark Carney, appears to me to be a Trojan Horse.  We will not get the strong leadership and desperately needed change if his record of being Governor of the Bank of Canada is anything to go by.  Here is what Victoria Grant (age 12) thought of his tenure. 

Victoria Grant explains how banks commit fraud 
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Why is a financial system that caused such havoc around the World, continues to be protected by the very people that will benefit personally from that system? 
It appears that Mr Carney may be here to just protect the status quo and his former employers.  As it seems he did for Canada.

Mark Carney welcomed by media to Bank of England post
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How can this by any measure be considered good?  Andy Haldane would have been much better. Or Adair Turner, Chair of the Financial Services Authority.  At least they demonstrate an understanding of the financial mechanisms at play.  And, why is the media supporting this appointment?  We have had 5 years of moving deck chairs.  Isn't it about time we steered away from the iceberg?

Enter with an open mind and unlearn all the economics you thought you knew.
Positive Money 
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When money drives most of the activity on the planet, 
 it’s essential that we understand it.

 

Money for nothing

I was under the misapprehension that the basis of insurance was shared risk.  It appears that insurers are more and more able to manipulate data to assess risk individually, which is the antithesis of what insurance should be.  But, to be fair to them it is clearly very good business for the insurers to ultimately have risk free premiums paid to them.  Money for nothing!  This slow corruption of the whole insurance market must stop!

UBS fined £29.7m

So the FSA has fined UBS £29.7m for its inability to do the job it is paid to do.  Am I surprised?  I'm afraid, no!
http://www.bbc.co.uk/news/business-20492017
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Lord Green and HSBC (update)

On 5 November 2012 the BBC reported that HSBC (under Lord Green's stewardship) has been fined £500 million by the US authorities for money laundering.  There are further investigations in Mexico and Switzerland.  Then on the 9 November 2012 the BBC reported that the names of 4000 HSBC customers had been released to HMRC and the press.  It is reported that some of these offshore bank accounts in Jersey belonged to serious criminals.

How can anyone trust HSBC or its leaders?  Why does it still have any customers? And, why does Lord Green still have a job in the Government?  This all happened on his watch and so he should do the decent thing.  Sorry, but does no one else think that it is wrong that Lord Green has a job that us tax payers pay for in the light of this evidence?  I mean a £500m fine for a banker is small change but it is significant to the rest of humanity.  And then these Jersey accounts as well as other investigations?

Freedom

Freedom without responsibility is just anarchy.

The Cross!

They ought to calm the fuck down and chill!  That was my immediate thought!