Prem Sikka
@premnsikka
Emeritus Professor of Accounting. If with all your effort and might you do not reach the mountain top that is not failure; failure is that you did not even try.
24-04-2014 16:50:12
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UK govt spent billions of QE to buy gilts, inflated prices, speculators gained.
Now it is reversing QE, sells same bonds at loss, speculators profit.
Treasury has set aside £11.175bn to cover losses.
Magic Money Tree for the City, but not for the people.
assets.publishing.service.gov.uk/government/upl…