Debt Rattle, April 28 2008: Risk, Secrecy and Perverse Incentives

Stoneleigh: The British like their secrecy. The Official Secrets Act always covered the most ridiculously trivial things. I remember an episode of the series Yes, Minister which referred to 'open government', from the point of view of the civil service, as an oxymoron - "Either you can be open, or you can have government."It's hardly surprising then that bank rescues would proceed in secret,