Message #681

[administrator]

The banking commission was set up by the government last June to review UK banks after the financial crisis.

However, the government is under no obligation to implement its recommendations.

Bank shares reacted positively to the report, with Barclays shares up 3.2% and Royal Bank of Scotland 2.4% higher in morning trade.

  Nothing more needs to be said, but  on the news this morning they said that if the banks pull the same profit making stunt, which led to the credit crunch again..we the tax payer would still have to bail them out.

who do you think ultimately profits from the huge deficit?

To finance the National debt, the Bank of England (on behalf of the government)  sell bonds to the private sector. Most of this government debt is bought by financial institutions

Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power.
Benito Mussolini