Why is New Labour hurling yet more of our
money at the banks?  The London ‘Metro’
screams that the latest deal is the “World’s biggest bank bailout.” It’s
costing every household in Britain £2,000, on top of all the money wasted last
time round 

This plan costs nearly £40bn, more than the
£37bn the government pumped in to the banks a year ago. £40bn would build more
than 1,500 schools, but the banks, we are told, are more important than our
kids’ future. Brown boasted last year that he had ‘saved the world.’ Not quite,
it seems. Now the banks are in further financial difficulties and back with
their begging bowls.

In 1929, the New York stock exchange panic began, kickstarting a financial meltdown and opening up a decade of global depression. Only Marxism can explain the real cause of this crisis.

Lord Adair Turner is head of the UK’s Financial
Services Authority, the body in charge of regulating the banks and other
financial institutions. Some weeks ago, he was interviewed
by Prospect magazine, a small mouthpiece of the Blairite wing of New Labour.  In that interview, Lord Turner blurted out a
telling truth about finance capital that its proponents did not want to
hear. The reaction  from
financiers has been apoplectic.