Callahan - Appointed
by George W. Bush
What- You Expected
The Bank of England is the equivalent of the United States Federal Reserve, except that it has been around a lot longer, 17th century, Issac Newton, all that stuff. Head of the Bank of England is a pretty important job, as it sets monetary policy for
Britain’s economy and has
tremendous influence in the international finance community.
So in order to find a competent replacement for the retiring head of the Bank of England, the Conservatives who control
government will leave no stone unturned in their search for the right
person. They are
going to advertise the position and see who applies.
|Current Head of the Bank of England Mervyn King on Being Told He Would be Replaced|
By Someone Who Answered an ad in the Help Wanted Section of the Classified Ads
A new governor of the Bank of England to succeed Mervyn King will be chosen by the end of the year through "fair and open competition", chancellor George Osborne has said, with advertisements for the job to run from Friday.
The person making the decision will be George Osborne, the Chancellor of the Exchequer, probably the least competent economic official in British government since, well maybe since forever. So applicants should be prepared to be equally incompetent, if that is possible.