From The Gaurdian of London, “The greatest danger of the rate-fixing scandal now engulfing the City of London is that it will be managed and defused in the usual way, and nothing will really change. Tuesday’s forced resignation of Bob Diamond, the Barclays chief executive, follows well-worn procedures for dealing with crises that potentially threaten those in power: denounce the worst offenders, let a few symbolic heads roll, set up an inquiry under a safe pair of hands, and tweak the regulations to prevent a repetition of the most egregious misdemeanours…The financial system has already failed at huge economic and social cost. It has been shown to be corrupt, incompetent, rapacious and economically destructive. The City’s claims to be an indispensable jobs and tax engine for the British economy are nonsense: the bailout costs of 2008-9 dwarfed the financial tax revenues of the boom years, which were below those of manufacturing even at their peak…
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Table of Contents
- Nationalize the Federal Reserve
- Alaska could walk away from Wall Street with a public bank of its own
- PBI Newsletter, November/December 2013 – Stemming the Transfer of Wealth from Main Street to Wall Street with Publicly-Owned Banks
- Public Banking Forum of Ireland: Press Release, 2 December 2013
- From the Progressive! Public Banking Is the Answer
- RT News: Ellen Brown on Public Banking and Costa Rican Banking System
- 10 year old explains the truth about where money comes from…
- The Bank Guarantee That Bankrupted Ireland
- VIDEO: Time to think outside the box – Public Banking – Ellen Brown’s talk in Athlone, Ireland
- Wall Street Predators And Con Men… Or Public Banking?