Bank of England Prepared for Doom... By Buying Bikes

By Greg Scoblete
July 11, 2012

Bank of England wanted to buy bikes

This is amusing:

'When I was a member of the court, I sat in on a meeting of the financial stability committee â?? it would have been 2006 or 2007. One of the governors at that meeting proposed that as a mechanism to cope with crisis, the Bank should buy half a dozen or a dozen bicycles in order that members of the Bank could move swiftly and anonymously around the City.

'

That was Lord Myners, a former member of the Court of Directors of the Bank of England, testifying before the House of Lords.

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