November 26th, 2012

+ + + New Bank of England Governor is Mark Carney + + +

Betting was suspended on Paul Tucker. Oops.

Here is some background on Carney, the current governor of the Bank of Canada.




  1. 1
    Kebab Time says:

    He is Canadian.

    Do we have zero talent in this country?


    • 11
      Another Engineer says:

      Canada did a lot better than the UK in avoiding the crash.


    • 36
      Peter Grimes says:

      At the Old Lady, yes.

      Great choice, they obviously feared the truth about Tucker’s involvement in the Barclays Libor affair coming out when he was in office, as it will.


    • 39
      HappyHour says:

      no, we don’t have zero talent…

      but finding someone talented that hasn’t been indoctrinated by left-wing economic policy, isn’t some inside-man who has more to gain by being incompetent than showing up their predecessors incase they get their own mess caught out or been through the Common Purpose machine seems to be getting rather difficult these days in the UK.

      Let’s hope this turns out to be a wise move by the Chancellor…


      • 63
        (I've been renamed) DA-Notice says:

        I sincerely hope it is a wise move, trouble is I have little faith.


      • 88 says:

        Yes only a xenophobe could object.


        • 97
          The wizz says:

          HH: One thing that struck me was he (Mark Carney) was not part of the Status Quo who run the BOE. I think Osborne may have given a very good reason to cull the civil service at the treasurery. This could mean war, the CC don’t like it uphem. Who knows this could start a re-think of other Government Departments. We live in hope!


      • 101
        golli says:

        Instead he’s been indoctrinated by Goldman Sachs, not sure which is worse


    • 42
      Marmite says:

      Almost Kebab, thanks to 13 years of Labour education.


    • 47
      Maximus says:

      Not a matter of talent – merely of selecting the right Gauleiter. And now we have one! Like Greece. Like Italy.


    • 57
      Not surprised says:

      Bloody immigrants! Coming over here! Taking our jobs!


    • 82
      Anonymous says:

      he chairs g20 instability board.


    • 92
      The savant8.5 says:

      Not necessarily

      But he s been hired to bring fellow canucks leonard cohen and allison crow over here so they can all three. Sing hallelujah on a sunday morning in the threadneedle street internal. Gardens


  2. 2
    Austin Powers says:

    Carneys have small hands, you cannot trust them.


  3. 3
    YorkshireLad says:

    Is that good, bad, indifferent or as you were?


  4. 4
    Kebab Time says:

    Mark Carney, the new Governor of the Bank of England, is also former head of sovereign risk at Goldman Sachs



  5. 5
    Chris Bryant says:

    Ooh he’s hunky!


  6. 6
    Lord Mandelspawn - Lizard International says:

    But will he be ethical like me?


  7. 7
    Tom Tomos says:

    Never bet on a sure-fire tip from Pesto………


  8. 8
    Anonymous says:

    Is he the son of FRED???? The one that had an Army?


  9. 9
    Anonymous says:

    Is he the son of Fred?? The one that had an army?


  10. 10
    Moussa Koussa Mark 2 says:

    Mark Carney – FFS – another foreigner.

    Cosby last week and now this !!!!

    Do Dave and Gidders ever employ someone from the UK


  11. 13
    Flatcap Army says:

    And thus Goldman Sachs alumni now run pretty much every major central bank…


    • 90
      Quiet Bat Person says:

      …and several countries. Even though they weren’t elected.


      • 110
        Extremely B Flat Minor says:

        Very B Flat Minor says:
        Your comment is awaiting moderation.
        November 27, 2012 at 6:30 am

        ..singing tytyyOdliyay.

        Try that instead


  12. 16
    Gordon Brown says:

    Can I have the gold back now please? I was only pretending!


    • 72
      Peter Grimes says:

      You will find some chocolate gold coins in your Christmas stocking if you take them off before you go up to your cot on 24th December.


  13. 27
    restore the monasteries says:

    The present governer at the bank of England,Merve the swerve,,not me gov…king,who oversaw the banks during the,…”I didn,t see it coming”, financial meltdown,costing UK taxpayers £66 billion,and more,has been praised to the rafters by George Osborne for his outstanding work during a difficult period.Am i missing something,or is that true.!!!!


  14. 28
    Moussa Koussa Mark 2 says:

    He sounds like one of those career wan*kers, always on the up, but does very little to warrant it.

    He is supposed to be the current Bank of Canada boss, under a 7 year term starting 2008. Already broken that contract, served only 5 years, to take the BoE job.

    And now its reported the BoE job has been given to mark under a 5 year contract, not 8 as originally advertised.



  15. 33
    franc says:

    is he related to deutsche mark?


  16. 34
    Nigel Biggles MEP says:

    Another fucking immigrant.


  17. 38
    Fiscal Cliff says:

    We’re all bloody well doomed I tell you.

    George Osborne has no Plan B,neither do I !


    • 43
      George Gideon Oliver Osborne says:

      There has never been time to “short” the FTSE & Wall Street.

      Help yourself to some Christmas spending money,go no,you know you want to.


  18. 44
    Ed Balls says:

    I’d just like to thank Mervin King for providing a credit fuelled boom which helped distract the plebs while my party was in power.


  19. 46
    U K I P Convert says:

    Mark Carney might have just been given the kiss of death by

    Blinky Ed Boll*ax, who continues to oscillate on who caused the ZanuLieLabor

    monumental deficit, has said this afternoon in HoC the New Incoming B of E

    Govenor, is a friend of his !!

    May I be the first to offer my deepest sympathy on such hideous depraved

    claim by Blinky !!!! to Mark Carney

    VOTE >>>>>>>>> U K I P >>>>>>>>>> U K I P >>>>>>>>> U K I P


  20. 48
    (I've been renamed) DA-Notice says:

    Worst possible choice, obvious stitch up, ex vampire squid bankster coming over here to screw us all forever.


  21. 49
    IHMO says:

    How is it none of these people that are credited (or should that be debited?) with being financial experts turn out to be not, Erm, financial experts, as opposed to them all being excelent personal financial experts in the very personal sense of the word personal.


  22. 64
    cynic says:

    This is the equivalent of giving an American control of our nuclear weapons …….hang on a minute


  23. 65
    A Firm Pair Of Breasts says:



  24. 66
    Moussa Koussa Mark 2 says:

    Triple Dip on the way !!!!!!!!!!


  25. 68
    Hannibal from Carthage says:

    Carney was 13 years with Goldman Sachs but does seem to come with a good CV .

    He is though under contract with Bank of Canada until October 2014 and appears too to have another contract with the Financial Stability Board going beyond 2013 .

    Osborne has failed to clarify what is going on here .

    Interestingly the appointment will be for five years. When in Opposition Cameron said he favoured 5 year contracts which could be renewed only once .

    If With British Government interference the Governor of the Bank of Canada can have his contract sprung then why was this tactic not followed with King in whom Cameron has not had much confidence .

    On balance a good appointment unless he gets too paly with his appointees.


    • 115
      Thortfull says:

      Seems the transfer window does not open for a few months yet. Anyone know who his agent is or what the fee was?

      Or, more to the point, since Mark claims he did not apply for the job, exactly who it was that head-hunted him?


  26. 69
    Malcolm McDowell says:

    It’s almost as if…it’s a worldwide criminal syndicate


  27. 73
    Loopy Lou says:

    Three weeks ago Carney was telling Canadians that after two years of historically low interest rates there was no economic growth because of problems in the global economy .

    Its the same old song.


    • 117
      Thortfull says:

      Interest rates are low so that sticky-fingered bankers do not have to give savers anything back in return for borrowing their cash. Time the plebs worked this simple con trick out for themselves.


  28. 74
  29. 75
    Sarah ( a beard is for life not just for charity) says:

    “Carney will apply for British citizen in the normal way “with no special favours,” Osborne says.”

    Osborne said “He will apply for British citizenship once he is here” !

    Now i always thought “Johnny Foreigner ” had to apply for visa’s and citizenship before they traveled here ?

    Hmmmmmmmm !


    • 118
      Thortfull says:

      Not all foreigners need visas; some countries are exempt.

      However, he will need a work permit (which usually has to be obtained before travelling) plus I always thought there was a minimum residence time (5 or 7 years?) required before being able to apply for citizenship, but I have not kept up with the constant changes to immigration law for a while now.


  30. 76
    Never knew my pet cat can do the breaststroke says:

    JK and her King’s Cross from north,


    • 78
      Never knew my pet cat can do the breaststroke says:

      OHH, this has worked! Rowling was not about the best male and female prostitutes that were aboding in the eighties at King’s Cross between the lines, thatcher perves, you ready on a friday afternoon to get early to pick the best to give them a good paid weekend, you fucking tory BBC perves.


  31. 86
    domino316 says:

    Couldn’t care less about the fact he is a Canadian (surprised they didn’t find some Eurozealot in line with the demands of the Brussels Masters), what does trouble me is that anyone who has even stepped inside a Goldman office is toxic.


    • 95
      green ink says:

      just watched mark carney’s august (?) interview with zena badawi on hardtalk and he comes over well and is obviously right on top of the international banking issues…his views on the euro are pragmatic and he clearly sees the Uk has an advantage in controlling its own economic levers including QE which he views as a stable and controlled way of funding growth. His personal interviewing manner is easy open and informed .. his appointment is
      credible and well made..

      The fact that his role in shaping the global regulation of the banking system comes with him is a coup for the home of banking.


      • 98
        domino316 says:

        You are Mark Carney and I claim my £5 (CA$7.89) :)


        • 102
          mc hammers 'em says:

          the four kids would prefer pizza


          • domino316 says:

            Delivered in 30 minutes or less depending on how quickly the payment can be transferred from the Cayman Islands to Jersey, via Luxembourg and Ireland, then through Switzerland,Belize and the Isle of Man.


      • 119
        Full up inside. Move along please says:

        Why choose the Head of the Bank of Canada for that interview rather than any other possibility? Did the Beeb know something we did not a few months ago? Must have been tipped off by the Pest.

        By the way, her name is Zainab – must be Indian or Arabic or something. Not a name usually associated with Balham.


  32. 91
    Anonymous says:

    So we have a white English speaking Crown Subject applying for a British passport and residency to do a job. Yet if he had been a Pole, Rumanian, Bulgarian, etc. etc. he could have walked straight in.

    As we British are all Crown Subjects he can’t apply to be a citizen can he.


  33. 104
    Anonymous says:

    hes a ukipper


  34. 121
    Anonymous says:

    How many people do you know who apply for UK citizenship and prefer to rent out rather than sell their main residence in Ottowa ?

    The point is the guy is a Banker and also a political animal. He wants to be Prime Minister of Canada .

    He has had a good and some would say lucky run as Bank Governor . He is getting out with his reputation high . He does not want to take on Trudeau just now .

    There is talk of a housing bubble to explode . A high exchange rate is seen as reducing exports . Constantly low interest rates have not led to economic growth .

    The guy has been handpicked to write those monthly letters to the Chancellor i.e. figures are bad because of problems in our overseas markets .

    His reputation for Bank supervision is a little hyped because the structures in Canada were in place before the current crisis . What you get is his experience but at least he is a new broom .


  35. 122
    The Countess of Wythenshawe says:

    It is now being reported that there is a social link between Eton boy and this Canadian Banker .

    Things could turn nasty .


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