More and more local branches of banks are closing their doors throughout the U.K., many in rural and less affluent communities, which is having a direct financial impact on residents nationwide.
Wall Street regulations
The great trick of Wall Street and its apologists is convincing the people it burned last time they were let off the leash that this time they’ll behave better, swear to God.
The deceivingly titled "Economic Growth, Regulatory Relief, and Consumer Protection Act" is a terrible bill that favors banks over people and allows the same risk in our financial system that the Dodd-Frank law eliminated.
Will it take a coming crisis to finally achieve what the reaction of the 2008 financial crisis failed to do – place finance capital under restraints? Iceland may have been the exception to the rule, but it shows that democratic control of the banks is possible.