THE British are breaking up their “too big to fail banks”

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THE British are breaking up their “too big to fail banks” April 11th, 2011 |

While Americans get little more than fake legislation from our millionaire officials in Congress to make it look like they are doing something about the stranglehold that bank monopolies and Wall Street financial institutions have on the public, the British government is actually doing something about it. But don’t expect to hear too much of this news in the USA corporate owned media.

 Look for this news in the English media–for example the UK Guardian.

Lloyd’s has already been ordered to sell 600 branches to reduce its dominance and now they are being told to sell more. Lloyd’s Banking Group should sell more branches to reduce its dominance on the high street and all banks should be forced to ring-fence their savings operations under proposals announced on Monday by the Independent Commission on Banking.

 But the commission, set up by the coalition last year and chaired by Sir John Vickers, has ruled out some of the more radical proposals, including a complete separation of investment banking operations, dubbed “casinos” by Vince Cable in the run-up to the election. Now business secretary, Cable had called for this separation to take place but the commission has concluded this would be too costly for the sector. Instead, the commission suggests that the ring-fenced retail banking arms should be forced to hold more capital: 10% rather than the 7% demanded by international regulators for the entire bank. But it also sets out the case that 10% should become the “international standard” for systemically important banks.

COMMENT;  “This is a great show of what can be done to mitigate the bleeding in the Financial Sector.  It is a show of what can be done if the Government and the Heads of the biggest banks can get together and carry out dire austerity programs, even at the highest levels, ultimately resulting in an Economic rebound!” Hotdogfish

Mu’ummar Qaddafi

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Disclaimer: No part of this article reflects on the sentiments of the author of “Our World?” Hotdogfish!

 

Qaddafi Unplugged and Uncensored

Recollections Of My Life – Mu’ummar Qaddafi


Let this testament be my voice to the world, that I stood up to crusader attacks of NATO, stood up to cruelty, stood up to betrayal, stood up the West and its colonialist ambitions, and that I stood with my African brothers, my true Arab and Muslim brothers, as a beacon of light, when others were building castles, I lived in a modest house, and in a tent,  I never forgot my youth in Sirte, I did not spend our national treasury foolishly, and like Salah’a’deen, our great Muslim leader, who rescued Jerusalem for Islam, I took little for myself…
April 09, 2011 Information Clearing House— In the name of Allah, the beneficent, the merciful..

In the West, some have called me “mad,” “crazy,” but they know the truth but continue to lie, they know that our land is independent and free, not in the colonial grip, that my vision, my path, is, and has been clear and for my people and that I will fight to my last breath to keep us free, may Allah almighty help us to remain faithful and free.Col. Mu’ummar Qaddafi, – professor Sam Hamod – Information Clearing House.

c: Col. Mu’ummar Qaddafi, 4.5.11
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For 40 years, or was it longer,I can’t remember, I did all I could to give people houses, hospitals, schools, and when they were hungry, I gave them food, I even made Benghazi into farmland from the desert, I stood up to attacks from that cowboy Reagan, when he killed my adopted orphaned daughter, he was trying to kill me, instead he killed that poor innocent child, then I helped my brothers and sisters from Africa with money for the African Union, did all I could to help people understand the concept of real democracy, where people’s committees ran our country, but that was never enough, as some told me, even people who had 10 room homes, new suits and furniture, were never satisfied, as selfish as they were they wanted more, and they told Americans and other visitors, they needed “democracy,” and “freedom,” never realizing it was a cut throat system, where the biggest dog eats the rest, but they were enchanted with those words, never realizing that in America, there was no free medicine, no free hospitals, no free housing, no free education and no free food, except when people had to beg or go to long lines to get soup, no, no matter what I did, it was never enough for some, but for others, they knew I was the son of Gamal Abdel Nasser, the only true Arab and Muslim leader we’ve had since Salah’ a’ Deen, when he claimed the Suez Canal for his people, as I claimed Libya, for my people, it was his footsteps I tried to follow, to keep my people free from colonial domination—from thieves who would steal from us—

Now, I am under attack by the biggest force in military history, my little African son, Obama wants to kill me, to take away the freedom of our country, to take away our free housing, our free medicine, our free education, our free food, and replace it with American style thievery, called “capitalism,” but all of us in the Third World know what that means, it means corporations run the countries, run the world, and the people suffer, so, there is no alternative for me, I must make my stand, and if Allah wishes, I shall die by following his path, the path that has made our country rich with farmland, with food and health, and even allowed us to help our African and Arab brothers and sisters to work here with us, in the Libyan Jammohouriyah,

I do not wish to die, but if it comes to that, to save this land, my people, all the thousands who are all my children, then so be it.