Mac's Musings
I'm banking on you, Mervyn
20/09/2007Mervyn King
Top Man
The Bank of England
20 Sept 2007
Dear Mervyn
Well, it's proving a busy old week for you down in Threadneedle Street - what with one thing and another. I bet you'll be glad to get down to the Treasury Select Committee this morning for a rest!
Anyway, I know you're a bit pushed for time so I'll cut to the chase. I was having a pint last night with the lads down at The Slug and Bank Manager. They're all big admirers of your prudent policies and reckon - broadly speaking - you've got things right so far this week.
But it did get me thinking. It's just that, to be honest, things have been a bit tight this summer what with the interest rate rises on my mortgage and the posh new patio barbeque, Yes, I know what you're going to say. In retrospect, I admit it was a bit of a risky purchase - but it looked like a rock solid investment and all the lads were forecasting a great summer.
It's just that I'm now faced with a short-term liquidity issue, if you get my drift. I mean I'm not going bust or anything like that! My house is worth a fortune thanks to your low interest rates over the past few years. But, in truth, there's been a bit of a run on my funds.
So I'm wondering if you could see your way to baling me out in the short term by lending me a bob or two. Nothing really substantial - but a couple of hundred grand would really help. In fact, the lads at the Slug and Bank Manager were amazed how much you had set aside for a rainy day.
I'd settle for 150k if you could do cash. If I'm out when you drop by, just deposit the dosh in the old shed round the back. I know it looks a bit rickety but the foundations seem pretty solid and it's a bit of an institution round here.
Thanks, mate. I'm banking on you, Mervyn.
Kind regards
Alistair
P.S. Don't worry about those whingers at the Treasury Select Committee. The lads at the Slug and Bank Manager are right behind you. And don't even think about doing a Jose Mourinho on us!
P.P.S. If you're ever up North, do drop in for a noggin or two. I know the lads would love to share a few thoughts with you. We Rock!
