How to deal with a bankrupt banking system

Major banks have been nationalised by governments around the world, providing a perfect opportunity for ministers to steer lenders in a new direction. Private money needs to be siphoned into a sustainable future through more forward-looking banks and finance houses. These key institutions need to abandon their sole focus on short-term profit maximisation in favour of a long-term, non-profit performance view.

Stop asking banks to make a profit.

Yes, that\’ll work.

2 thoughts on “How to deal with a bankrupt banking system”

  1. Ye gods, this stuff is straight out of Atlas Shrugged — the immorality of profit and the selfishness of intelligence.

    Worth each and every one of those seven shiny pounds.

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