As the government has to support another bank, the state of our economy to those who don’t understand economics doesn’t look in good health, and yet it isn’t clear to me what else could have been done.

It was interesting to read the Archbishop of York speaking out on some of the current financial practices:

“To a bystander like me, those who made £190m deliberately underselling the shares of HBOS, in spite of a very strong capital base, and drove it into the arms of Lloyds TSB, are clearly bank robbers and asset strippers,” Dr Sentamu told the annual dinner of the Worshipful Company of International Bankers.

The archbishop also noted the contrast between the US government bank bail-out and the lack of funding for efforts to reduce poverty.

The US Treasury has proposed a fund worth up to $700bn (£382bn) to buy back much of the bad debt held by banks and other financial institutions.

The archbishop acknowledged the need for stable financial systems if poverty was to be eradicated, but added: “One of the ironies about this financial crisis is that it makes action on poverty look utterly achievable. It would cost $5bn (£2.7bn) to save six million children’s lives.

“World leaders could find 140 times that amount for the banking system in a week. How can they tell us that action for the poorest is too expensive?”

Thanks to The Hutch

Chris
cskidd1983@gmail.com
Married to the amazing Sarah and raising Jakey, Daniel, Amelia, Josh & Jonah in our blended family. Passionate for Jesus, social work & sport.

One thought on “Police called to illegal rave – to discover grannies watching Grease!”

  1. Were the Police over zealous to attend a call for help from a member of our communities? What a strange question? Did they shut the film down? No. Did they attend the call on the merit of information they were given? Very likely. So did they carry out their duty to the public? Yes. The right result all round! What a strange way to put your question across. It comes across as not thought through and as though it is trying to put Police across in a bad way, possibly to the youth who we all should be working together with to insure our societies are built well for the future. I don’t know. Perhaps it’s just my reaction to poorly presented information and questioning. Happens to us all after all!

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