[GEaston]

Cash - King solved the banking crisis!! He was knighted for saving the country which was totally appropriate.

So lets go back in time. Labour gets in and creates confusion of supervision removing it from the Bank of England, creating the FSA. King at that time was Head of Banking Supervision, BoE. He subsequently became Chief Economist, then Governor.

Banks to out of control (mix of greed and no supervision). That's nothing to do with the man, not since Gordon thought he knew best in 1998, the same year he sold the countries entire gold reserves for $300 an ounce.

So banking collapse starts with Northern Rock 10 August 2007, a date I remember we'll because it is the same day I started my first business in the UK. Real calamity doesn't hit banks until early 2008 when the entire system fails and the country gets to about 6 hours from total collapse and the loss of every penny in everyone's account (only 3% of bank balances are covered by cash, the rest is numbers in a computer.....).

You'll remember Gordon and Alistair Darling hastily convening a news conference to announce a massive banking bailout (ahead of every other country in the world). That was not their idea, although Gordon tried to take the credit later, it was King and his associates at the Bank of England that saved the day. As I mentioned King subsequently knighted.