Michael Hudson Discusses Why We Need Public (nationalised) Banks to Prevent Cannibalization of the Economy on Real News Network
Read more at http://www.nakedcapitalism.com/2013/03/michael-hudson-discusses-why-we-need-private-banks-to-prevent-cannibalization-of-the-economy-on-real-news-network.html#JWfRHS4fUL7MflkI.99
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Step in the right direction. Take Bank of England back to the people via our High Streets. Interest FREE mortgages for homeowners will provide non-foreclosure LOANS in this era of insecure employment. BofE can change loan to Council house tempory at times of employment stress, then change back when ready to return to purchase. No loss of Capital to owner. No throwing familys onto streets.
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Exactly .. good start.
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