Bank of England member joins HSBC…

There are several classes in the world. But I guess the highest class is that of top echelons in world of banking and money. It is just shocking to see how one on reaching this class continues to move from one organisation to the other with aplomb. It is as if the entire class takes care of you.

The crisis has exposed the ill-effects of this arrangement but it just does not end. One keeps moving from private bank to central bank/finance ministry and then back to the private world with amazing ease. Countries like Nepal are trying to put an end to the exercise but there is no such thing in the developed part of the world.

Infact, the whole thing is getting bolder. There seems to no cooling period whatsoever. How else does one explain this recent Bank of England revolving door? In this case, one Financial Policy Committee Member quits the central bank and the decision to appoint her at HSBC came in quick succession. Even worse is that newswires knew of the moves much in advance.

Just keeps getting worse..


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