Quality Goes Deep

Mervyn King

Great play was made at King refusing a pay increase, but what has only recently come to light is the actual pay deal. Unsurprisingly, a very large pension is available for King when he retires. Some £900,000 annually. Hypocrisy of the first order.

The Governor of The Bank of England blames... the banks.

Hedge Fund manager Crispin Odey

It becomes a real challenge to reach beyond the last 'chunder'. However, without these individuals of the Monetary Policy Committee, all 9 of them, what would everyone else do? Probably struggle. Just a bit. These few people sit and decide what interest rates will be for everybody. The rate of interest of any bank or other loan will be determined by these 9 people. One, of course, must be Mervyn King.

The trough gets deeper

And

Deeper

The arrogance of the rich means that they take it as a part of life to be rich at the expense of (literally) everybody else.

The trough is VERY deep

And

STILL deepens

This necessitates an existence below that which rises. The irony being the deeper they go they still can't get away from it as they take it with them. They exist in it with many others.