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Monday, 17 December 2012

Monday, December 17, 2012 Posted by Hari No comments Labels: , , ,
Posted by Hari on Monday, December 17, 2012 with No comments | Labels: , , ,

Banks have been caught laundering money, and rigging Libor and energy markets. These are the acts of criminals, not just a matter of "mis-selling" to us consumers. So will our leaders now decide it's time to regulate them properly? So far they've been fined a fraction of the money they've made. Nobody important has been jailed.

Banks tell us: we pay lots in taxes; we create jobs; we'll leave for Hong Kong if you regulate us; blah blah blah.

You can read our point-by-point demolition of these false arguments in our earlier post: What does banking contribute to UK Plc? 7 myths exposed, and why we must rein them in

...or you can sit back and watch our 3-minute fact-based comedy animation...

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