And hence the current row about how financial regulation ought to be reshaped is being conducted by a process of sideswipe, leak and insinuation; it appears the Governor has yet to see a draft of the imminent White Paper on the subject. On an issue affecting the livelihood of every one of us, you might think we have a right to expect Darling, King and the FSA chief Lord Turner, perhaps even with Brown himself in the chair, to be locked in conclave, hammering out robust, consensual solutions. But no – as Treasury select committee chairman John McFall remarked after hearing evidence from King last week – what we have instead is a tripartite "black hole