Occupy Economics: Break up the Banks
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Date(s) - 16/05/2013
Occupy Economics (OE) is launching a campaign for serious bank reform: breakupthebanks.org.uk
– to send a message to our freeloading megabanks, and the politicians who make excuses for them.
* put in place a $100 billion size cap on banks’ balance sheets
* cap leverage at 14 times a bank’s net worth
* end the dominance of plc banks, in favour of safer ownership models like mutuals or state ownership
“Big complex banks are not only too big to fail, they are too big to manage [...] simply a recipe for a repetition of disasters…”