bankers – The Rainbow Blog

Toothless Watchdog

Bill Kruse — Wed, 29 Sep 2010 06:10:03 +0000

The International Monetary Fund, the IMF, has described the chancellor’s plans to make draconian cuts as, quoting from the Daily Mail here, “strong, credible and essential”. This is being trumpeted in some quarters as being a ringing endorsement of Osborne’s policies – but from whom does it come exactly? Many would suggest the IMF themselves …

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Same Old Cable Service

Bill Kruse — Mon, 19 Jul 2010 14:17:32 +0000

Vince Cable is in the news again for criticising the banks. Is he raging against the whole idea that only the privately-owned banks and government itself can create legal tender, highlighting how hopelessly unfair this system is to the rest of us and offering a fistful of credible alternatives? Well, no – he’s moaning about banker’s bonuses …

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No Reserve Banking

Bill Kruse — Mon, 28 Jun 2010 06:23:44 +0000

It’s suggested that the banks have had a stern warning from the Toronto G20. I say that’s nonsense. What would really upset the banks is the re-introduction of narrow banking, and I see no signs of that, or genuine competition like encouragement of public bank ownership and I see no signs of that either. I think that …

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Government Loans

Bill Kruse — Mon, 07 Jun 2010 20:14:57 +0000

I’m watching David ‘Dave’ Cameron live on TV at this moment, earnestly (and quite rightly) explaining how the interest we pay on loans to the government are overwhelming us. True enough, and the subject deserves an airing. However, I note he isn’t pointing out that much of the National Debt is to banks, banks who …

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Taxing The Banks…

Bill Kruse — Fri, 23 Apr 2010 05:16:39 +0000

The problem with the banks is not bonuses or their pricing, it’s that they and they alone are allowed to create money. This gives them a unique advantage over the rest of the population, seeing as we all need it and no-one else is allowed to create it (save, of course, our government, who choose …

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Give Over, Darling

Bill Kruse — Mon, 28 Sep 2009 05:41:57 +0000

Chancellor Alastair Darling is this morning reported as stoutly declaring his intention to limit bankers’ bonuses. Does he stoutly declare how he’s going to do that, I wonder? If the bankers want to pay themselves more money, they will. They won’t call it a bonus, it’ll simply be called a renumeration instrument, or some-such. Business …

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