He laid the blame for the financia crisis, the bailout and subsequent austerity cuts directly on banks in testimony to the House of Commons Treasury Select Committee on Tuesday."Now is the period when the cost is being paid. I'm surprised the real anger hasn't been greater than it has," Mr King said, referring the harsh cuts being ntroduced by the government to slash the massive debts created by the financial crisis. The governor and other senior central bank officials were being questioned on financial regulation and the inflation report.
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