The News In Shorts

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

Thursday 15 December 2011

The Price Of Saving The Banks.


While Canada pulls out of the Kyoto Protocols because it can no longer afford to save the planet, demand slumps in Japan and Europe faces a winter recession, unemployment is heading towards 3 million in Britain, while the NHS is fast running out of money and students are turning to prostitution to pay their university fees. The banks, having received billions in taxpayers money to bail them out, are now threatening governments across the world with lowering their credit ratings if they don't squeeze their own citizens for even more money to pay off the bad investments they made in order to grab bogus bonuses. And if that threat fails they simply arrange to have democratically elected governments replaced by unelected ex-bankers who will do what they're told. The Tory dominated government here in Britain, meanwhile, is taking the opportunity to impose a vile and self-serving set of policies on the country clearly intended to protect the rich at the expense of the poor. Then to top it all Nick Clegg, now a prisoner of the Tories, has ditched every principle his party ever stood for to avoid an election that would see his party decimated. Despite all this the Tory party has managed to increase its popularity by refusing to sign a new European treaty that aims to do exactly what they are doing in Britain and by failing utterly to gain any advantage for the City or anyone else. And that is the price of saving the banks - unemployment, growing inequality, increased poverty, the destruction of democracy and the corruption of our political parties. Is it worth it? Really?

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