Bank robbers?
The words of Archbishop of York, Dr. Sentamu: "To a bystander like me, those who made £190million deliberately underselling the shares of HBOS, in spite of its very strong capital base, and drove it into the bosom of Lloyds TSB Bank, are clearly bank robbers and asset strippers…"
"Tomorrow morning I will attend a meeting to launch a campaign of 'Education for All' as part of the global effort to achieve the Millennium Development Goals, including the eradication of global poverty by 2015. Of course for such a target to be achieved there needs to be stable financial systems. There needs to be stable financial systems. Without a solid global economic base to work from, the eradication of world poverty would be an even greater task. But as one columnist recently noted, "the President of the United States recently announced a $700 billion bailout plans for banks and financial institutions. One of the ironies about this financial crisis is that it makes action on poverty look utterly achievable. It would cost $5 billion to save six million children's lives. World leaders could find 140 times that amount for the banking system in a week. How can they now tell us that action for the poorest on the planet is too expensive?"


