Bank of England and Fed accused of data rigging in the past

The investment community is obviously very much up to speed with naked capitalism as it presents itself before the market of “financial products”.
One of its excellent groupings is GATA, the Gold Anti-Trust Action Committee that sends out remarkable daily news.
Today it unearthed “news” about the interwar period of 1925 – 1931 when the Bank of [...]

Mervyn King’s response

I call it a “fobbing off” letter. Our legal advisor writes “valuable evidence” and one of our victims turned “star fighter” is over the moon because of the inaccuracy it contains. We are still thinking about our response.

Open Letter to Bank of England and FSA

Our Chairman Austin Mitchell MP has sent our Open Letter to Mervyn King not only to the Governor of the Bank of England, but also to Hector Sants, the CEO of the Financial Services Authority.
The letter makes three points:
a) false documents are being used to file bankruptcy
b) wealthy individuals are being bankrupted for no [...]