Occupy Economics: Break up the Banks

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Date(s) - 16/05/2013
1:00 pm

Canary Wharf


Occupy Economics (OE) is launching a campaign for serious bank reform:  breakupthebanks.org.uk

 The campaign will coincide with the conclusion of the Parliamentary Commission on Banking Standards, which is about to provoke fresh argument as to what to do with our too-big-to-fail banks.Occupy Economics is inviting people to demonstrate:Thurs 16 May, 1 pm, Canary Wharf underground (west exit)
– to send a message to our freeloading megabanks, and the politicians who make excuses for them.

OE will be calling for action to:
*   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
OE will stand in support of Archbishop Justin Welby, who challenged George Osborne:

“Big complex banks are not only too big to fail, they are too big to manage […] simply a recipe for a repetition of disasters…”

There will soon be a Break up the Banks petition.
Occupy Economics is on Facebook. And on Twitter: twitter.com/endbankwelfare
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