The banks versus the State
Having been bailed out after their unprecedented greed and recklessness by the State at a cost so far of some £850bn (59% of Britain’s entire GDP), the banks are now sending the most provocative signal they can that they don’t care a fig about government, society or public opinion – they’re going to carry on on an even bigger scale than before the culture of gigantic bonuses and the structure of casino banking which has virtually bankrupted Britain and nearly collapsed the international economy worldwide. The wilfulness and insouciance of the banks is truly breathtaking. It is two fingers up to the State and we couldn’t care less about the rest of you or the public interest. The truth is this is a virus within the body politic which will destroy us if it is not contained and cauterised. The £60m award to Bob Diamond as the new head of Barclays is the last straw, and several actions must now urgently be taken.
Related posts on this blog:
- The banks are making monkeys out of the Government Remember how the trade unions were handled by Thatcher when ...
- Banks remain the cuckoo in the nest Today's announcement that HSBC and Barclays made nearly £3bn each ...
- Cameron’s double-take In his speech to the Tory Party conference Cameron has ...
- A fatcat tax at last Whilst the Great Leader beauty debate continues to divert attention ...
- At last action on the banks, but not enough The Financial Services Bill to be presented to the Commons ...