Ben passes parcel to Merv


So there it is…big “Pru” of the old country has put its hand up to take over the beast of the New Frontier. No tea party protest here, I reckon. Ben Bernanke is probably happy that Messrs Thidjane Thiam et al have decided to have a go and Bob Benmoshe is happy to let them. Mervyn King however, should probably think about whether this is a good idea. What if big Pru also takes over the mettle of being too big to fail, as AIG was? $35.5b sounds a lot but when it is all done and dusted, the monster would have been considerably bigger.