TV News LIES

Saturday, Aug 30th

Last update04:30:04 AM GMT

You are here News Of Special Interest Bank of England director: Occupy was right

Bank of England director: Occupy was right

E-mail Print PDF

Occupy was rightThe protesters who occupied Wall Street and parts of London and other cities were morally and intellectually right, a senior Bank of England official said.

"Some have suggested ... that Occupy's voice has been loud but vague -- long on problems, short on solutions," Andrew Haldane, a member of the central bank's Financial Policy Committee, told an event called "Socially Useful Banking," organized by Occupy Economics, an offshoot of the Occupy movement, in London Monday night.

"Others have argued that the fault lines in the global financial system, which chasmed during the crisis, are essentially unaltered -- that reform has failed," he said.

"I wish to argue that both are wrong -- that Occupy's voice has been both loud and persuasive and that policymakers have listened and are acting in ways which will close those fault lines," said Haldane, the bank's executive director of financial stability.

"In fact, I want to argue that we are in the early stages of a reformation of finance, a reformation which Occupy has helped stir," he said.

More...


Most Recent Related Stories...


Burger King, Tim Hortons merge into whopper-sized firm

Burger King mergerThe U.S.-based restaurant chain made it official Tuesday announcing that it agreed to merge with the...

Actor and director Richard Attenborough dies aged 90

Richard AttenboroughOscar-winning British film director Richard Attenborough has died at the age of 90, his son has...

Defense rests in Blackwater trial

blackwaterFour Blackwater security guards have rested their defense in the shootings that killed or wounded over...

Bush and Obama Spurred Edward Snowden to Spill U.S. Secrets

Snowden spurred by Bush and ObamaBefore Edward Snowden joined Daniel Ellsberg and Chelsea Manning in the annals of American whistleblowers, he...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!