We need reform of banks before 2019
Reproduced from letter published in Worcester News Wednesday 21st September 2011
SIR – One of the causes of the 2007/2008 credit crunch, the bail-out of the banks, the drop in our living standards and the cuts to our jobs and services is that the banks and other city institutions were not properly regulated and were operating like casinos with high street money.
Faced with these massive problems the Government seems content to leave the reform of the banks until 2019.
It is now three to four years since the start of credit crunch – for the Government to wait another eight years it is simply being complacent. The Government seems more interested in reforming (privatising) the NHS and other public services than reforming the banks.
LOUIS STEPHEN
Worcester Green Party
http://www.worcestergreenparty.org.uk/localsites/worcester/letters.html