City Eye: Our deaf, dumb and blind central bankers

[Legal Beagles]

We are living in exciting times, and we are, as the Chinese proverb has it, cursed by them. As we skate from credit crunch to failing banks being underpinned by taxpayers' cash, to the giant hole below the water- line at Société Gé*érale, to the latest concerns about bond insurance, so the US Federal Reserve, the Bank of England and the European Central Bank (ECB) are doing a good impression of the three wise monkeys.


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