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using Freedom of Information (FOI) requests—standard journalistic tools that force reluctant British government departments to yield information. He had no success, and the Corporation’s website, in fact, reveals why. The FOI Act of 2000, it admits, “applies to the City of London as a local authority, police authority and port health authority only,” and the last word is emphasized with boldface type. In other words, everything is open to examination, except the money, which is the part that matters. City of London, “Access to Information,” www.cityoflondon.gov.uk, accessed August 2010.

43.Some of this sentence was drawn directly from Burn, The Reemergence of Global Finance, pp. 151 and 158.

44.Ibid., p. 160.

45.Schenk, “The Origins of the Eurodollar Market in London,” p. 235.

46.“The Earl of Cromer Is Dead at Seventy-Two: Former Head of Bank of England,” New York Times, March 19, 1991.

47.See Eddie George, “The Bank of England: How the Pieces Fit Together,” Bank of England Lectures, 1996, p. 91, http://www.bankofengland.co.uk/publications/quarterlybulletin/qb960110.pdf.

48.Burn, The Reemergence of Global Finance, p. 142.

49.Ibid., p. 124.

50.Jeffrey Robinson, The Sink: How Banks, Lawyers and Accountants Finance Terrorism and Crime—and Why Governments Can’t Stop Them (Robinson Publishing, 2004), p. 57.

51.Burn, The Reemergence of Global Finance, p. 161.

52.Ibid., p. 164.

53.Richard Sylla, “United States Banks and Europe: Strategy and Attitudes,” in Stefano Battilossi and Youssef Cassis, eds., European Banks and the American Challenge (Oxford: OUP, 2002), p. 62.

54.Cited in Martin Mayer, The Bankers (London: W. H. Allen, 1976), quoted in Burn, The Reemergence of Global Finance, p. 165.

55.Burn, The Reemergence of Global Finance, p. 125.

56.Thomas A. Bass, “The Future of Money,” Wired, October 1996, http://www.wired.com/wired/archive/4.10/wriston_pr.html.

57.Kynaston, The City of London Volume IV, p. 569.

58.Ibid., p. 442, quoting Janet Kelly, Bankers and Borders (Cambridge, MA: HarperBusiness, 1977).

59.Mostly this involved borrowing from the Euromarkets in London and its fast-growing tax haven satellites, then lending out to other parts of the world; and through investment banking activities that they were not allowed to do at home. See Ulrich Ramm, “German Banks and the American Challenge,” in Battilossi and Cassis, eds., European Banks and the American Challenge, p. 182. According to Ramm, the share of U.S. banks’ foreign balance sheet business handled via London fell from 50.6 percent to 37.5 percent from 1973–76, while the Bahamas and Caymans increased their shares from 19.5 to 30.6 percent.

60.Anthony Sampson, Who Runs This Place? The Anatomy of Britain in the 21st Century (New York: John Murray, 2005), p. 255.

61.See “The Economic Effects of Capital Controls,” Congressional Budget Office, August 1985, http://www.cbo.gov/doc.cfm?index=5981&type=0.

62.Burn, The Reemergence of Global Finance, p. 146.

63.Bass, “The Future of Money.”

64.Kynaston, The City of London Volume IV, p. 396; and Mark P. Hampton and Jason P. Abbott, Offshore Finance Centres and Tax Havens (London: Macmillan, 1999), p. 91.

65.Letter from HB Mynors of the Bank of England to Sir Charles J. Hambro of Hambro Bank, January 29, 1963. Cited in Schenk, “The Origins of the Eurodollar Market in London.”

66.In 1962 Time magazine concluded that “the Eurodollar, most experts agree, will gradually disappear if U.S. interest rates rise to European levels, or the U.S. payments deficit ends.” “Western Europe: Those Eurodollars,” Time, July 27, 1962.

67.Burn, The Reemergence of Global Finance, pp. 36, 140.

68.These concerns would be echoed a generation later when the Bank for International Settlements asked in June 2008, as financial panic spread around the globe, “How could a huge shadow banking system emerge without provoking clear statements of official concern?”

69.But add “In private meetings and speeches,” the Corporation notes, “the Lord Mayor expounds the values of liberalisation.” See City of London, the Lord Mayor’s International