|And so on and so forth.
||[Sep. 18th, 2008|01:05 pm]
John the shady indie denier
|||||Bartok: Viola Concerto - I. Moderato (Hong-Mei Xiao)||]|
"We are calling for the forced demerger of large banking and finance groups. Retail banking should be split from both corporate finance (merchant banking) and from securities dealing. The demerged units should then be split into smaller banks. Mega banks make mega mistakes that affect us all. Instead of institutions that are ‘too big to fail’, we need institutions that are small enough to fail without creating problems for depositors and the wider public."
- The New Economics foundation, 'A Green New Deal'.
Lots of media types milling around the Bank of Scotland building. What a big fat mess. Still, there are early signs that the Co-operative movement might be able to turn the perceived 'crisis' to their advantage, which would benefit everyone in the long run, provided the latter manages to maintain its democratic structures.
I will write a proper update soon. Essentially very little is new. I'm still plodding on with the never-ending Masters. I'm contemplating applying for a PGDE. A Premium Bond win has still yet to materialise...