Puppet masters pull purse strings
Published 17/05/2010 | 05:00
The former British chancellor of the exchequer Denis Healy once said world events don't happen by accident, they are made happen by those holding the purse strings (the banks).
What puzzles me about this financial crisis is that, from 1954 to the present day, the heads of the US Federal Reserve, the World Bank and the International Monetary Fund, along with the leaders of the major banks, industry and politics, meet annually to discuss and formulate policy.
To then say that these guys didn't see the crash coming is hard to fathom.