reform the banks
While we suffer at the hands of the banks they are carrying on as usual as if nothink happened still getting huge bonuses investing in tar sands and coal
31 comments
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Goldman
commented
I did not write this but totally agree with the view expressed........
Our banks exposure to ‘credit default swops’ the continuation of short selling and other casino economy activities by the banks is a massive financial time bomb. When Greece defaults followed by Italy the impact will be like nuclear bomb hitting everyone but the supper rich elite. Ring fence the banks now. Prohibit short selling now. Introduce a Tobin Tax now. Do everything that is possible to isolate the impact of ‘credit default swops’ today. Set up a green investment bank and expand the mutual finance sector. Set up a People’s Commission / Audit to investigate who is really responsible for hijacking our national wealth
This is a historic moment – the Vickers Report only starts to scratch the surface of this scandal and theft of our shared national wealth and future -
graham
commented
oh yes this needs to be done but with our uncaring govt in power i dont think that it will
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Carl Holmes
commented
we need to take this to the eu then
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Carl Holmes
commented
we need to take this to the european union then
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Kevin
commented
The bankers have gotten away with it again transferring huge amounts of private debt to the public. What a racket. And ordinary people will be payign it for for years to come.
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bridget
commented
I whole heartedly agree but governments are not powerful enough to influence banks unless several countries act together so I do not think there is much we can do even if UK government wanted to
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Anonymous
commented
very good article here about the economic reforms required
http://www.guardian.co.uk/commentisfree/2011/aug/08/global-finance-dysfunction-at-heart?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+theguardian%2Fcommentisfree%2Frss+%28Comment+is+free%29 -
Carl Holmes
commented
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Carl Holmes
commented
we now own some opf the big banks so isnt it right we have a say in how there run what they invest in please visit the positive money website and watch there video on reform tahnk you
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Carl Holmes
commented
reforming the banks would solve a lot of the problems in our societry as well there was a recent article in the gardian that did a survey and to no suprise found that what makes people happy isnt wheather the stock markets are doin well but family and friends, goin for long walks, e,t,c
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Carl Holmes
commented
The current model of banking used around the world is at the root of the financial crisis and is responsible for the situation that we're in right now. go on positive money website and find out whats wrong with the current banking system how they are creating money out of nothing and gambling it away, and find out about the solutions we need to tackle this at a european level positive money has there own campaign to sign as well