Anger at banks for causing recession is justified says Mervyn King

Bankers are responsible for the poor state of the economy and higher living expenses. The recession was caused by the financial services sector and the real cost is being paid for by the innocent public. The Governor of the Bank of England is surprised that the publics' anger towards the bankers who caused the recession has not been greater. Mervyn King told members of the Treasury Select Committee that the financial services sector was responsible for the fall in household incomes and living standards.