English: A crowd forms on Wall Street during the Bankers Panic of 1907. (Photo credit: Wikipedia)
It’s nice to see when ‘beginners’ in monetary reform tackle our systemic money problems, by tackling the banking issue. Here are the four simple demands that 38 Degrees have formulated in their petition It’s Time to Fix Banking:
Dear Banking Committee
Please hold the banks to account for the way they’ve behaved. The scandals need to stop. You need to make sure:
- Banks put customers first, not bankers
- There are tougher rules to keep banks in line
- There are proper punishments for bankers who break them
- It’s easier for us to move to a different bank when we want to.
But no banking regulation and no punishment of bankers will change
- the Government’s dependence on public debts
- the Government’s unwillingness to spend the Cash that it can print and mint into the economy
- the Government’s willingness to bail out banks rather than businesses…
And thus we know better than ever: money rules the world, as created by banks, not in the spirit of the writers of the Bank of England Act 1694 though!
Related articles
- Barclays fights to rebuild reputation with call to strike off rogue bankers (independent.co.uk)
- BANKERS BEHIND BARS – Petition To Put Bankers In Jail Passes 350,000 Signatures In Two Days (alexanderhiggins.com)
- Some good news about investment banking compensation this year. Anshu Jain pinpoints why equities and M&A bankers have most to lose in the long term (news.efinancialcareers.com)
- New e-petition targeted at HM Treasury: Withdraw Barclays’ Banking Licence! (victims-unite.net)
- Remove Bankers, sign Avaaz petition (aquariuschannelings.com)
- A Banker Reveals How Banks Try to Take Your Money (mint.com)
- Wells Fargo Pushes Pause On Foreclosure As Petition Nears 150,000 Signatures (consumerist.com)
- HBOS banker Peter Cummings fined £500,000 and handed life ban by FSA (standard.co.uk)
In the Spirit of the Forum for Stable Currencies