Submitted on Friday 5th August 2011
Published on Monday 15th August 2011
Current status: Closed
Closed: Wednesday 15th August 2012
Signatures: 10
Prohibit any future UK bank bailouts
Pass into law a statute absolutely prohibiting the use of treasury or taxpayer funds to bail out failed or failing private banks, and the acquisition of failed banks by the government.
Without the safety net of state subsidy or support, the speculative and risky banking activity which has already brought about one calamitous recession should be permanently disengaged from traditional banking activities
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