Mervyn King: Special Liquidity Scheme

On March 23 2008

I sent an email to HM Treasury to suggest the idea of swapping mortgage collateral for Treasury Bonds. I also suggested an amount of £50 billion.

21st April 2008

Mervyn King announces the unveiling of the special liquidity scheme. Claims that he originated it on his home computer and "asserts copyright" to this idea.

21st July 2008  

Mervyn King denies that he or his staff were aware of the email that I sent to ministers@hmtreasury on 23rd March 2008.

Mervyn King defends the absurd and 'asserts copyright' to the BoE credit liquidity scheme

Reply from the HM Treasury to my objection against Mervyn King asserting copyright to the credit liquidity scheme

Reply from PM Brown to my objection to Mervyn King asserting copyright to the BoE credit liquidity scheme HM Treasury

Financial Times, April 22nd 2008,'King puts his stamp on credit liquidity scheme'

"Mervyn King, the bank of England governor, yesterday implicitly asserted copyright over the idea of swapping treasury bills for mortgage backed securities. at a press conference he revealed that he had personally tapped out the guts of the scheme unveiled yesterday on his home computer about a week before Easter." (Financial Times, April 22ND 2008,  pg2)

Origin of the bank of England credit liquidity scheme

Letter to HM Treasury, 22nd April 2008, objecting to Mervyn King asserting copyright to my idea of exchanging mortgage collateral for Treasury bonds