The Vickers Report is being portrayed as the greatest shake up of banking in a generation, perhaps two. But what is changing?
1. the banks can still create lots and lots of money out of nothing/thin air based on our savings and deposits and make vast profits off them
2. despite the reporting in the media about ringfencing our savings and deposits in separate retail banks, that separation is not total, i.e. our savings and deposits are more protected but they can still be used by the gambling Nazi banks as long as a particular ratio of exposure to equity is maintained, this ratio being slightly higher than it has been recently
3. derivatives can still be traded despite being identified as the main cause of the banking crisis
4. the banks have 7 years to implement these earth shaking changes
5. nobody goes to jail for causing the greatest financial rip off since the Wall Street Crash 70 years ago.
In other words, it's business as usual for Cameron's mates the Bilderberg Bankstaz.
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