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No To_Credit Crunch 2

Submitted on Friday 5th August 2011

Published on Monday 15th August 2011

Current status: Closed

Closed: Wednesday 15th August 2012

Signatures: 2

Tagged with

Citizens

Petition Action

No To_Credit Crunch 2

Additional Information

This past week (Aug 06th) has led many to believe that we are about to enter Credit Crunch 2. If that transpires the chance of a 'Too Big To Fail' mentality is indeed very high. It is imperative therefore that any government intervention in the 'Saving of liquidity' is made only for the benefit of ordinary/business account holders, not Bank shareholders, not Bank Directors, not the defaulting Bank in any shape or form.In other words 'COMPENSATE' the account holders only and let those Banks that are clearly negligent go to the wall.Such a policy will not only concentrate the 'Banker/Casino mentality mindset but will ensure ordinary citizens are not unduly penalized by those that wish to gamble with 'OUR ALREADY TAXED INCOME' .


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