Friday, January 1, 2010

Threats from banksters’ moll

* Business * Banking Leave bankers alone, says BBA's Angela Knight

"There are literally tens, if not hundreds of thousands of British jobs directly and indirectly related to banking - bringing billions of pounds in tax income. Some of this is now at risk and, although many are well aware of it, decision makers increasingly either wish to ignore it or - even more dangerously - choose not to believe it," said Knight.

Posted by devo @ 02:24 PM (993 views)
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8 thoughts on “Threats from banksters’ moll

  • Other financial sectors are “waiting ready to pick up the business from the wreckage we will leave if we are stupid enough to discard a banking model which has served us well,”

    Hmm. If the current banking model has served us well, I’d hate to think what a banking model that served us badly looks like.

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  • What a load codswallop and spin this woman is a disgrace, for every £1 the banks paid to the exchecker over the past decade we the taxpayer have given them £7 in bailout. These people have no social or moral conscience.

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  • Charlie White says:

    Served us well? More like nearly destroyed us! We dare not base our entire economy on this any longer. Nor can we allow ourselves to be blackmailed or held hostage. The future lies in a much more diverse economy, FAR more fairly structured and broad-based than having everything piled in one basket: i.e., the banking sector. If we’ve learned nothing from the recent mess, forget any hope of a decent future.

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  • Tens of thousands of jobs in British banking? And what of the much greater number of jobs that have been lost by the financialisation of the economy. Apart from macro factors behind this there’s the dearth of scientists and engineers for industry because casino finance could pay them more because it was “successful” for a while since it could gamble with the implicit backing of the state.

    Good headline devo.

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  • Was my New Year celebration wilder than I recall, or did the Angela twit refer to tax being derived from the banking sector? Is this the same banking sector that spends a kings ransom every year looking for every far fetched devious half truth or downright lying misrepresentation in the name of tax avoidance?

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  • ” bringing billions of pounds in tax income”

    So let me get this straight. We give them billions of pounds for nothing. They give us some back in tax. And we’re supposed to be grateful?

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  • Please go the same way as ship building… Somewhere else

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  • Its worth looking at the Green New Deal’s exposure of banking as a con in their latest report The Cuts Won’t Work,Section 4″Our objective is helped by the fact that in the past two months the financial authorities have acknowledged the central truth about modern banking systems.This is the fact that the modern banking system creates credit rather than redistributing it.”
    (Larry Elliott of Guardian is a leading light in the Green New Deal.)
    We are paying interest charges to the banks for credit they have created out of thin air.They have got away with it in the past but the limit has been reached on how much can be created to finance the property market.

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