BoE admits shredding records – cover up of bankers role in crisis continues

Pride's Purge

(not satire – it’s the UK today!)

The effort to cover up the role of reckless banking and the massive taxpayer bailouts of incompetent bankers in the great recession of 2007 is continuing unabashedly.

In a little noticed exchange during questioning of Bank of England executives in parliament – it was revealed the recordings of the meetings from the time of the banking crisis which created the recession have all been destroyed.

Here’s the story in more detail (from a US publication):

Bank of England Shredded Its Crisis Era Records

The executives also revealed the recordings were never transcribed.

So the records of the decisions that were made at the time are all gone. Forever.

How very convenient for them.

This is, of course, little short of scandalous.

But don’t expect to hear much about it here in the UK from the mainstream media who have already managed to shift…

View original post 27 more words

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