Peter Principle em Ação: Quando Idiotas Supervisionam o Mercado Financeiro

O sidekick predileto de Mervy King no Banco da Inglaterra, Paul Tucker, é um caso de textbook de idiotas no comando do sistema financeiro internacional. Um dos resultados é que bancos, como o falido Barclays, manipularam a Libor: the Libor scandal has hurt Mr. Tucker’s reputation. Individuals connected to the Bank of England have voiced concerns that he missed signs that rate manipulation was happening.In November 2007, for example, Mr. Tucker chaired a committee meeting at the central bank where some officials raised questions about banks’ Libor submissions. “Intellectually, he’s not up to the job,” said David Blanchflower, a British economist who sat on the Bank of England’s monetary policy committee with Mr. Tucker from 2006 to 2009. “Every single call since 2007, he has got wrong.”