|Within a capitalist economy banks perform a vital function in facilitating the production and exchange of goods and services. In return for fulfilling this role responsibly they are allowed to hold a banking licences, which brings them great benefits in terms of the ability to create money through making loans. The systematic manipulation of the LIBOR value to serve its business interests makes clear that Barclays is not a fit company to hold a banking licence. We call upon the government to withdraw Barclays banking licence.
This e-petition has been created by a Green Economist that I hold in great esteem – Molly Scott Cato. More than this though, it aims to bring down an institution that I have personally loathed for more than 30 years (see: http://en.Wikipedia.org/wiki/Barclays#Controversies ) . Do the whole world a favour and sign it – please! (Andy)
Withdraw Barclays’ Banking Licence – HM Govt e-petition
Leave a reply