Hell hath no fury like an MP: especially not if you're the Bank of England chief Mervin King and the MPs in question are Gordon Brown and Alistair Darling.

It would seem that they have got their knickers in a twist over King's handling of the Northern Rock fiasco.

Let me sum it up as easily as I can:

King said a few weeks ago that the job of the Bank of England was NOT to bail out banks for the sake of it; as he put it, no free lunches for investors who make bad bets.

All banks are required to stress test their business plans often (by stress test I mean put the worst case scenario of what might happen on the markets and how it might affect the bank's cash flow)

So, Northern Rock haven't properly checked their cash flow and King stood by what the Bank of England is there for.

Bravo!!!!! It's about time that I saw someone in almost public office have the courage of his convictions and stand by them.

But of course, someone is going to suffer for this whole mess.

King is up before a parliament select committee tomorrow in which he may have to answer questions about HIS handling of the situation.

Go figure!