Friday 29 June 2012

Campaign for Barclays to lose its banking licence launched

Following yesterday's revelations an e-petition has been launched on the government website asking that Barclay's banking licence be withdrawn.

The petition reads:
Within a capitalist economy banks perform a vital function in facilitating the production and exchange of goods and services. In return for fulfilling this role responsibly they are allowed to hold a banking licences, which brings them great benefits in terms of the ability to create money through making loans. The systematic manipulation of the LIBOR value to serve its business interests makes clear that Barclays is not a fit company to hold a banking licence. We call upon the government to withdraw Barclays banking licence.
The petition can be found HERE

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