Published: 6:50AM GMT 03 March 2010
Lord Turner left MPs in small disbelief of his braininess Photo: Julian Simmonds High-aristo of the egghead classes, author, professor, and FSA chairman, this is a man whose thought of decrease is a lunch outlayed rebellious Fermat"s Last Theorem. Better have yourself prolific or Lord Turner will find you.
So socially utilitarian is the correct Lord that regulating UK banks is not difficult enough. He"s drifting to the rescue of America, too. They might not have asked for his help, but he"s ready to allot it.
Non-plussed with US plans to anathema column trading, Lord Turner "spent 45 mins on the phone with Paul Volcker", whose thought the anathema is, right after President Obama"s announcement.
One wonders either the ex-Fed authority got a word in edgeways, but as his lordship tells it the grand man of financial was swayed a anathema would not work. Lord Turner"s collateral fixit was the improved solution, they assumingly agreed.
Next up was congressman Barney Frank. Our crafty Lord gave the authority of the House Financial Services Committee a couple of pointers on promissory note reform. Does President Obama have him on a retainer?
MPs on the Treasury Select Committee indispensable small reminding of his immeasurable genius on Tuesday. But he rested their memories, anyway. He is leagues forward of opposition brainboxes. Just cruise the new seductiveness in the CDS market. If usually others had review the Turner Review scrupulously last March, Lord Wisdom lamented. It was all there.
Now that"s being "socially useful".
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