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So what's dakkas opinion on the new bank of england governor?
http://m.bbc.co.uk/news/business-20501990

Mr Osborne told Parliament that Mr Carney, 47, would bring the "strong leadership and external experience the Bank needs" and added that the Canadian would apply for British citizenship. He said Mr Carney was acknowledged as "the outstanding central banker of his generation". During Mr Carney's five years as governor in Canada, Mr Osborne said he was "acknowledged to have weathered the economic storm better than any other major Western economy". Mr Carney said he was "honoured to accept this important and demanding role" at a "critical time for the British, European and global economies". He will serve in his current post until May next year.

On a semi-related note I sat in the reserved seat of the previous governor, should've held the seat to ransom

Good luck? I know nothing about how their system works.

I do know that Bank of America blows though. Bunch of jerks. And Wells Fargo. They can die in a fire.

djones520 wrote:
Good luck? I know nothing about how their system works.

I do know that Bank of America blows though. Bunch of jerks. And Wells Fargo. They can die in a fire.

LOL!

You don't like 'em printing our way into debt?

or, wait, must be some machevious plans to artificially increase inflation so that current debt are cheaper?

djones520 wrote:
Good luck? I know nothing about how their system works.

I do know that Bank of America blows though. Bunch of jerks. And Wells Fargo. They can die in a fire.

The Bank of England is a Central bank; it's really not comparable to BofA or Wells Fargo. Our rough equivalent is the Fed.

 whembly wrote:

djones520 wrote:
Good luck? I know nothing about how their system works.

I do know that Bank of America blows though. Bunch of jerks. And Wells Fargo. They can die in a fire.

LOL!

You don't like 'em printing our way into debt?

or, wait, must be some machevious plans to artificially increase inflation so that current debt are cheaper?

Well Bank of America almost screwed my career over a few years back when we used them for our Government Travel Cards. Wells Fargo got on my bad list when they double charged my account for an auto loan, we ended up bouncing one of those charges, and the resulting fiasco ended up with something like $250 in late charges, and the customer service rep calling my wife an idiot. In the end after three months of trying to get it fixed, they finally admitted fault.


Automatically Appended Next Post:

 AustonT wrote:

djones520 wrote:
Good luck? I know nothing about how their system works.

I do know that Bank of America blows though. Bunch of jerks. And Wells Fargo. They can die in a fire.

The Bank of England is a Central bank; it's really not comparable to BofA or Wells Fargo. Our rough equivalent is the Fed.

Yeah I know, I was trying to be facetious with it. *shrugs*

Canada's Bank system beats hell out of Britain's.

 Frazzled wrote:
Canada's Bank system beats hell out of Britain's.

Well the best of us went to Canada aswell as the best of french, the US got the scraps and Australia well we had to apologise to the natives.

The political parties all think it was a good move, the only hitch in my eyes is the almost double the size paycheck and the fact he needs to get citzenship oh well there's always loopholes for people we want in

 InquisitorVaron wrote:

 Frazzled wrote:


The political parties all think it was a good move, the only hitch in my eyes is the almost double the size paycheck and the fact he needs to get citzenship oh well there's always loopholes for people we want in

It would be hilarious if he was denined citzenship as they had already hit their limit

 InquisitorVaron wrote:

Well the best of us went to Canada aswell as the best of french, the US got the scraps and Australia well we had to apologise to the natives.

I think this is the best thing I've read all day.

djones520 wrote:

 whembly wrote:



Automatically Appended Next Post:

 AustonT wrote:

djones520 wrote:
Good luck? I know nothing about how their system works.

I do know that Bank of America blows though. Bunch of jerks. And Wells Fargo. They can die in a fire.

The Bank of England is a Central bank; it's really not comparable to BofA or Wells Fargo. Our rough equivalent is the Fed.

Yeah I know, I was trying to be facetious with it. *shrugs*

you forgot to use the sarcasm font.
The Bank of... Confuses bunches of people.

I know I said, "Feth.", when I heard the news this morning. Hopefully whomever replaces him simply follows in his remarkably astute footsteps.

The Bank of Canada has everything laid out already... so long as nobody feths with the recipe, and more importantly, doesn't try to make themselves famous by making high-risk/high-reward moves, then everything is all good. And by "all good", I mean slow and steady.

 azazel the cat wrote:
The Bank of Canada has everything laid out already... so long as nobody feths with the recipe, and more importantly, doesn't try to make themselves famous by making high-risk/high-reward moves, then everything is all good. And by "all good", I mean slow and steady.

It's because they own all of you and are mortgaging your names.

Also I hear they ration healthcare in Canada.

Pretty much, that asshat with the sniffles gets in before the guy with the profuse head wound.

On topic: Well gak..... might be time to polish the 30-30 if the new guy tries to screw us all over

 Frazzled wrote:
Canada's Bank system beats hell out of Britain's.

Anything back that up, or..?

The UK is renowned for having one of the most powerful financial sectors on the planet. You're talking out of your arse again, grandad. Back to sleep.

Albatross wrote:

 Frazzled wrote:
Canada's Bank system beats hell out of Britain's.

Anything back that up, or..?

The UK is renowned for having one of the most powerful financial sectors on the planet. You're talking out of your arse again, grandad. Back to sleep.

It's not a reference to the "power"; it's a reference to the relative stability of the Canadian banking sector. When the financial crises hit everyone in 2008, Canada basically just rolled over and went back to bed.

I think you're crediting Frazzled with a little too much, there...

Given Fraz works in the sector I'd actually be interested in hearing the reasons behind his post.

He's a banker.

He will be terrible.

 sebster wrote:
Given Fraz works in the sector I'd actually be interested in hearing the reasons behind his post.

You think he has reasons other than brit-bashing behind his post? OK, now I'm interested in hearing the reasons behind your post!

I'd be very interested if people would make sure to not insult one another...as per, you know, the rules of this site.

Thanks!

 Albatross wrote:

 Frazzled wrote:
Canada's Bank system beats hell out of Britain's.

Anything back that up, or..?

The UK is renowned for having one of the most powerful financial sectors on the planet. You're talking out of your arse again, grandad. Back to sleep.

Not quite Poboy. Your banks are now owned by the government because they all blew their brains out.


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 azazel the cat wrote:

Albatross wrote:

 Frazzled wrote:
Canada's Bank system beats hell out of Britain's.

Anything back that up, or..?

The UK is renowned for having one of the most powerful financial sectors on the planet. You're talking out of your arse again, grandad. Back to sleep.

It's not a reference to the "power"; it's a reference to the relative stability of the Canadian banking sector. When the financial crises hit everyone in 2008, Canada basically just rolled over and went back to bed.

Exactly. CD banks, unlike US and British banks, didn't have to be recapitalized (read OWNED) by their governments to keep them afloat. Our cap ratios are now, by BASELL regulation, becoming the industry standard.

CANADA Banks to the world's banks-suck it!


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 sebster wrote:
Given Fraz works in the sector I'd actually be interested in hearing the reasons behind his post.

Stated a few but basically:
1. Our cap ratios kick Britain's cap ratios right in the crotch, and thats now, AFTER Her Majesty recapitalized your banks.
2. Again we didn't need bailouts.

Canadian Banks, we're as boring as the rest of the country.


Automatically Appended Next Post:

 Albatross wrote:

 sebster wrote:
Given Fraz works in the sector I'd actually be interested in hearing the reasons behind his post.

You think he has reasons other than brit-bashing behind his post? OK, now I'm interested in hearing the reasons behind your post!

Not Brit bashing. Brit Bank bashing (ok the ones that are still employed). We hired a few of them.
But like always, Britain can say: at least we're not France.

At least France doesn't have Frome in it...

Dullest. Town. Ever.

AustonT wrote:

djones520 wrote:
Good luck? I know nothing about how their system works.

I do know that Bank of America blows though. Bunch of jerks. And Wells Fargo. They can die in a fire.

The Bank of England is a Central bank; it's really not comparable to BofA or Wells Fargo. Our rough equivalent is the Fed.

Thank you for this. Nearly bashed my head on my cubicle desk.

Frazzled wrote:Not Brit bashing. Brit Bank bashing (ok the ones that are still employed). We hired a few of them.
But like always, Britain can say: at least we're not France.

You are sage in your declarations.

 Squigsquasher wrote:
He's a banker.

He will be terrible.

My lisp makes my B sound like a W.


In regards to frome, go to the frome festival sounds fun...
Assuming I like jazz, folk and "drama" in other words I would shoot myself before going there.

Your right feth frome. Or declare it independant rather like blackpool or other gak holes.

Anyways Mr Carney has a good record in Canada, but our system is different, my worry is he will try to make the bank turn into Canada.
Although slow and steady is good will we get better intrest rates than if the stock brokers were let lose and won big?

Perhaps we need slow and steady for a bit until we can risk again

Frazzled wrote:Canadian Banks, we're as boring as the rest of the country.

Exactly the way a bank should be. I like my banks boring and stable, and without dreams of being casinos.

 azazel the cat wrote:

Frazzled wrote:Canadian Banks, we're as boring as the rest of the country.

Exactly the way a bank should be. I like my banks boring and stable, and without dreams of being casinos.

Wow... that's sorta... awesome.

The Canadian dollar is practically at parity with US dollar.

Have you noticed the increase purchasing power of US goods/services?

 azazel the cat wrote:

Frazzled wrote:Canadian Banks, we're as boring as the rest of the country.

Exactly the way a bank should be. I like my banks boring and stable, and without dreams of being casinos.

EXACTLY.

At this point, I'd support a gibbon as the new BoE governor, so someone who seems to probably know at least a little about what he's supposed to be doing is just a bonus.

I'd do it for a fifth of his costs, but alas I don't look like a gibbon