Sunday, March 24, 2013

Banks versus the People: the Underside of a Rigged Game! (Part 7) The Mockery of Banking Discipline

Click here to access article by Éric Toussaint from the Committee for the Abolition of Third World Debt

Letting bankers police themselves in order to prevent economic crises is very much like letting foxes guard the hen-house. This is essentially the conclusion reached by this author as spelled out in his final paragraph after a piercing analysis of the various anemic proposals put forth by agents of the gargantuan banking institutions who now rule the world. His final sentence contains a heretical, but obvious recommendation:
Since banks use our money, enjoy state guarantees, and must provide the fundamental services society needs they must be socialised and placed under citizen’s control.