New BoE Governor Mark Carney

[superfrank]

unsurprisingly he's ex-Goldman Sachs (the Vampire Squid as it is affectionately known) where he spent 13 years.

http://en.wikipedia.org/wiki/Mark_Carney

...and was involved in Goldman's work with the 1998 Russian financial crisis.

Goldman's role in the Russian crisis was criticized at the time because while the company was advising Russia it was simultaneously betting against the country's ability to repay its debt.

classic Goldman Sachs that is.

good riddance to Mystic Merv when he finally sods off, but i suspect the new guy will make King look like a hawk.

[superfrank]

Protecting the new governor's lifestyle
http://www.bbc.co.uk/news/business-20788572

The Treasury offered Mark Carney a £250,000 annual accommodation allowance, on top of his £624,000 salary and cash in lieu of pension, because it did not see why his lifestyle should suffer from a move to London.

Currently governor of the Bank of Canada, Mr Carney, his English wife and four children live in a large family house a short distance from his office in Ottawa.

Apparently an equivalent home in London would cost around £2600 per week, which is the value of his new allowance after tax and national insurance.

this is what you get in London for that kind of money... http://www.rightmove.co.uk/property-to- ... 65962.html

nice work if you can get it, especially when all he'll do is keep interest rates on hold for the next five years and order more money printing every time share prices fall a bit. i could do that part-time for free!