Financial System #Fail

February 15, 2011 § Leave a comment

As a campaigning community, we really screwed up in 2007-10. We should have been all over the credit crisis, the financial bail-outs, the golden goodbyes to people like Fred Goodwin, the Ponzi schemes. Some tried – People & Planet and their RBS/climate investment campaign and FairPensions, but for too many of us, we simply didn’t engage because we thought we didn’t understand the issue.

Enough of that.

This is a campaign by Positive Money, the monetary reform campaign group. It argues that there is one spending cut that makes a lot of sense – the benefits we give to bankers, or otherwise described as, the power banks currently have to create money. For free.

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