'The Bank of England's astonishing escape from the financial crisis'

from the telegraph.......

Unreported outside the business pages, a remarkable hearing took place last week – one which may well culminate in the Commons Treasury Select Committee demanding a full independent inquiry into the Bank of England's handling of the financial crisis.

The reason such an inquiry might seem appropriate is that over the next few years the Bank acquires new powers and responsibilities that will make this 317-year-old institution arguably the most powerful authority in the land – more powerful in terms of its influence over the economy than the Chancellor himself"..........LINK