UNISONActive is an unofficial blog produced by UNISON activists for UNISON activists. Bringing news, briefings and events from a progressive left perspective.

Wednesday 8 December 2010

Vampire Squid Still On The Loose‏

Two years on from the banking collapse and Banks once again position themselves in the middle of a speculative bubble, selling investments they knew are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage.

Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased.

They've been pulling this same stunt over and over since the 1920s — and now they're preparing to do it again, creating what may be the biggest and most audacious bubble yet.

The New Economics Foundation are calling on the government and us to tame the Giant Vampire Squid that the banking sector has become.

The following video explains all and you can watch the video and sign up for the campaign here. http://www.giantvampiresquid.org/