Yesterday, the Bank of England claimed the banks were making the credit crunch out to be much worse than it was, and they were hindering the recovery from the crisis that they had themselves manufactured. This shows to you who is really in control; the banks. Gordon Brown got a good kick in the bollocks in the local elections yesterday, partially because of the economy in general, which is currently heavily influenced by the banks and their manufactured credit crisis.
But today we find Citigroup, i.e. Rockefeller, countering yesterday's BoE claim. Citigroup say the crisis is much worse than the BoE thinks.
Oh, really?
What information has Citigroup and the other banks withheld from the BoE?
The BoE can only use the information it is given by the banks.
So is Citigroup withholding information? And if so, what is that information and why are they withholding it?
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From http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=563160&in_page_id=1770
Bank of England 'too upbeat' on credit crisis, says banking giant Citigroup
By SAM FLEMING - More by this author » Last updated at 00:54am on 2nd May 2008
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The Bank of England was criticised in the City yesterday for being too optimistic about the prospects of an end to the credit crisis.
Citigroup accused the Bank of being 'self-congratulatory' about its efforts to ease the cash shortage in banking.
The banking giant said the pain triggered by the U.S. sub-prime crisis will remain "severe" for some time to come, adding that the Bank was being "too sanguine" about the outlook.
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