The News In Shorts

How the news would look if everyone stopped waffling and told the truth.

Thursday 27 October 2011

Some Banks Are Breaking The Law For Gain.




In the wake of the £75 billion issued by the Bank Of England as "quantative easing" at least one commercial bank has been caught trying to illeglly manipulate the market and rip taxpayers off. The unnamed bank was caught attempting to purchase gilts ahead of an auction to drive the price up and then sell them back to the Bank of England at a profit. We asked our economics expert for his view of this; "Banks are essentially completely out of control and feel able to break the law at will. They now believe that, if threatened with prosecution, all they have to do is threaten to bring down the financial system and governments will give way to this blackmail. So far, of course, they've been absolutey right. This is just another battle in the war that has broken out between the world financial industry and national governments to decide who actually rules the world. So far, at least, the banks are winning as politicians have conducted a less than masterly retreat, while the inability of governments to fight effectively is a reflection of the fact that the banks have been paying their wages in the form of bribes for many years now. The only effective opposition to the banks has come not from governments but from ordinary people such as the "Occupy" protestors. Unfortunately such protestors represent as big a danger to governments as they do to the banks which is why they're on their own."

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