The Chancellor's announcement today is audacious. He rode roughshod over a careful and open appointments procedure to ensure that Britain will, for the next eight years have a governor of the Bank of England whose experience, history and record is totally aligned with 'the takers' - the bankers and speculators that have asset-stripped the British economy.
If something looks too good to be true, it is. If someone tells you they can conjure money from thin air, they're lying. The City of London has been both too good to be true and seemingly magically producing money for several decades, and following the latest round of revelations about bankers' slavering greed, the game, I hope, is about to be up.