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To: MPS
KEEP THE BANKS OURS
KEEP THE BANKS NOT SALE LET THE COUNTRY GET THE INCOME
Why is this important?
The Banking Reform Bill re-treads the well-worn ground of ring-fencing banks’ risky investment operations from consumers’ money with Osborne threatening‘complete separation’ of banks’ different arms should they flout the new rules.
He warned that there will be no more ‘too big to fail’ and that no government would ever again bail-out an entire bank.
‘When the RBS failed, my predecessor Alastair Darling felt he had no option but to bail the entire thing out. Not just RBS on the high street, but the trading positions in Asia, the mortgage books in sub-prime America, the property punts in Dubai,’ said Osborne.
‘I want to make sure that the next time a chancellor faces that decision they have a choice: to keep the bank branches going, the cash machines operating, while lettering the investment arm fail.’
LET USE KEEP OUR MONEY NOT THE RICH PEOPLE OUR COUNTRYS THEN MYBE WE CAN CUT TAX
He warned that there will be no more ‘too big to fail’ and that no government would ever again bail-out an entire bank.
‘When the RBS failed, my predecessor Alastair Darling felt he had no option but to bail the entire thing out. Not just RBS on the high street, but the trading positions in Asia, the mortgage books in sub-prime America, the property punts in Dubai,’ said Osborne.
‘I want to make sure that the next time a chancellor faces that decision they have a choice: to keep the bank branches going, the cash machines operating, while lettering the investment arm fail.’
LET USE KEEP OUR MONEY NOT THE RICH PEOPLE OUR COUNTRYS THEN MYBE WE CAN CUT TAX
