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.