Why are the banks treated with kid gloves whilst the poorest are made homeless without any demur?  

By • on February 1, 2012, 11:41 pm

 Business, SMEs in particular, need funding fast, so why doesn’t Osborne just order RBS and Lloyds to ratchet up the lending?    After all he owns 80% of the former and 40% of the latter, more than those who talked about seizing the ‘commanding heights’ of the economy ever dreamed of.   Why instead did he go cap in hand to the Bank of England begging it to overseee the pumping of loans to small firms through a process known as ‘credit easing’, thus bypassing the banks even though he owns two of the largest?   Or why does Cameron refuse to stop the obnoxious payment of gigantic bonuses in the City piggery on the pretence that he can’t micro-manage the banking system?   It’s because the byword in neoliberalism is that the private market is untouchable – governments should get out of the way, never interfere, the market...

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