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Mark Carney named Bank of England governor | CT

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Mark Carney named Bank of England governor | CTV News


Economics | 208422 hits | Nov 26 8:58 am | Posted by: Robair
14 Comment

Canada�s top banker Mark Carney has been named the Bank of England�s new governor. Carney will continue in his role as Bank of Canada governor until June 1, 2013, Finance Minister Jim Flaherty confirmed at a Monday morning news conference in Ottawa.

Comments

  1. by avatar Robair
    Mon Nov 26, 2012 5:02 pm
    Can't help but think that this is not good news.

  2. by avatar Robair
    Mon Nov 26, 2012 5:43 pm
    Not good news for Canada I mean...

  3. by avatar DanSC
    Mon Nov 26, 2012 5:51 pm
    Wait, how does this even work? Is he a dual citizen?

  4. by avatar DrCaleb
    Mon Nov 26, 2012 5:55 pm
    "DanSC" said
    Wait, how does this even work? Is he a dual citizen?


    He's a citizen of a Commonwealth country. Close enough.

    I think he'd only need to be a British Citizen to be head of the MoD or GCHQ.

  5. by avatar Zipperfish  Gold Member
    Mon Nov 26, 2012 5:58 pm
    Commonwealth doesn't mean much anymore. Common language is probably more to the point. He's applying for British Citizenship.

  6. by Lemmy
    Mon Nov 26, 2012 6:00 pm
    "Robair" said
    Not good news for Canada I mean...

    Why not?

  7. by avatar DanSC
    Mon Nov 26, 2012 6:06 pm
    "DrCaleb" said
    He's a citizen of a Commonwealth country. Close enough.

    Is the citizen of any Commonwealth country good enough, or does it have to be a Commonwealth realm?

    If it's the former, I bet no one from Lesotho was even interviewed for the job. Typical.

  8. by avatar bootlegga
    Mon Nov 26, 2012 6:07 pm
    Let's hope his replacement is actually capable and not just another patronage appointment.

  9. by Lemmy
    Mon Nov 26, 2012 6:14 pm
    "DanSC" said
    Is the citizen of any Commonwealth country good enough, or does it have to be a Commonwealth realm?

    If it's the former, I bet no one from Lesotho was even interviewed for the job. Typical.

    I doubt Carney was interviewed so much as courted by the B of E. If Lesotho had produced a monetary wiz of Carney's ability, it may have been he who was offered the job. So I'm not sure what your "typical" remark means. :?

    "bootlegga" said
    Let's hope his replacement is actually capable and not just another patronage appointment.

    My understanding is that there isn't going to be a replacement. Carney will wear two hats.

  10. by avatar bootlegga
    Mon Nov 26, 2012 6:18 pm
    Oh, according to the article, it sounds like he's stepping down in June 2013

    Carney will continue in his role as Bank of Canada governor until June 1, 2013, Finance Minister Jim Flaherty confirmed at a Monday morning news conference in Ottawa.

  11. by avatar Zipperfish  Gold Member
    Mon Nov 26, 2012 6:28 pm
    As one wag put it: They'll play off Carney as a polite Canadian, as opp[osed to a scumbag Goldman Sachs alumnus.

    A financial trader in London caused a storm of outrage by suggesting that world leaders cannot do anything to prevent a global market collapse, saying that investment bank Goldman Sachs ruled the world.

    Alessio Rastani's comments on BBC television on Monday have gone viral, viewed by more than 360,000 people, but they fit so closely to the stereotype of a heartless banker that rumours are rife that he is actually part of a hoax.

    Answering questions about world leaders' response to the eurozone debt crisis, the 34-year-old said traders "know the stock market is finished. The euro, as far as they're concerned, they don't really care".

    "For most traders, we don't really care that much how they're going to fix the economy, how they're going to fix the whole situation -- our job is to make money from it," he said.

    "Personally I've been dreaming of this moment for three years. I have a confession, which is I go to bed every night, I dream of another recession."

    As the BBC presenter looked on in shock, he added: "The governments don't rule the world. Goldman Sachs rules the world. Goldman Sachs does not care about this rescue package, neither does the big funds."


    The Daily Star

    The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.


    Rolling Stone

  12. by avatar DrCaleb
    Mon Nov 26, 2012 7:40 pm
    "Lemmy" said
    Is the citizen of any Commonwealth country good enough, or does it have to be a Commonwealth realm?

    If it's the former, I bet no one from Lesotho was even interviewed for the job. Typical.

    I doubt Carney was interviewed so much as courted by the B of E. If Lesotho had produced a monetary wiz of Carney's ability, it may have been he who was offered the job. So I'm not sure what your "typical" remark means. :?



    The Bank of England also has no requirements that the govenor be a British Citizen. I guess they assumed a non-citizen would never be offered the job.

  13. by avatar ShepherdsDog
    Mon Nov 26, 2012 11:23 pm
    be interesting to hear the opinions of the Left Behind in regards to a colonial taking the reins of the Bank of England.

  14. by avatar saturn_656
    Wed Nov 28, 2012 2:26 am
    Apparently Mrs. Carney's lefty political views are almost as big a news story as Mr. Carney's nationality. The Guardian, unsurprisingly, gave her a gushing article on how awesome she is.

    Frankly I'm quite surprised that Mark Carney being a Canadian is being perceived so negatively by some folks in the UK. They're acquiring one of our best and brightest and they are bitching about it. 8O



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