Mutualise the banks and run them in their customers' and the national interest

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Mutualise the banks and run them in their customers' and the national interest

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Introduce a Bill to ensure that all banks currently owned or which have been rescued by the taxpayer are converted as rapidly as possible to institutions that put the long term interests of their customers and the nation first, rather than the short term interests of shareholders. This is to be achieved by:
a. separating out retail banks from investment banking arms;
b. investment banking profits to be used to reduce the national debt;
c. increasing the number of retail banks and running them as mutual societies where profits are equably shared by all staff and customers

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