Saturday, Dec 19, 2009

Banker bashing by the b.o.e.

Times on line: When bamboozling spins out of control

A financial plumbing system that should be as small as possible, simply channelling money from savers to borrowers as cheaply and unobtrusively as possible, has instead transformed and furred up into a vast, Byzantine system of gold-plated pipes and valves of ludicrous complexity.

Posted by waitingtobuy @ 06:53 PM (1047 views)
Add Comment
Report Article

1 Comment

1. dbc reed said...

Rather a naive view of banking.The Green New Deal version of the banking system is contained in Section 4 of its latest report "The Cuts Won't work" by such solid citizens as Larry Elliott, Ann Pettifor and Richard Murphy:" First it creates the money loaned out of thin air,then it charges interest having done so " A loan is a loan ,is a totally new amount of money.

Saturday, December 19, 2009 09:21PM Report Comment

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies