New e-petition targeted at HM Treasury: Withdraw Barclays’ Banking Licence!

HM Treasury building

Short and to the point: Withdraw Barclays’ Banking Licence!

Responsible department: Her Majesty’s Treasury

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.

A television crew from Sky News visited Molly Scott Cato at home to interview her about the manipulation of inter-bank lending rates by Barclays and the resignation of its chief executive Bob Diamond. This appeared on appeared on Sky news earlier this month.

She believes the still unfolding scandal, which prompted Mr Diamond to step down, shows that Barclays is ‘not a fit company to hold a banking licence’, is calling on the government to withdraw Barclays bank’s licence to operate and has started an online petition to the Treasury calling for it to be revoked.

In an accompanying statement to accompany her online petition, Molly said: “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 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.”

Speaking to the Stroud News and Journal as a councillor, she said the banks had abused their licences to print money for themselves and the vast majority of the population were sick of the way the banks had behaved. She called on the public to apply pressure on the government to overhaul the banking system.

If they failed to do this, she said, there were alternative places where people could save and borrow money, such as the Credit Union and banks which have strong ethical investment credentials like the Co-operative and Triodos.

On the subject of Mr Diamond’s resignation, she said “it is one corrupt banker gone but it is not a solution.’ “Let this be very clear: if the coalition government will not reform, restructure and clean up our banking system then we, the citizens, can.”

Readers of the New Era Network and Victims Unite can sign the e-petition at the the following link: http://epetitions.direct.gov.uk/petitions/35446

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5 Responses to New e-petition targeted at HM Treasury: Withdraw Barclays’ Banking Licence!

  1. It is long overdue that we root out authorities corruptions ;But we need to jail them too . (alternatively give them a taste of what EL DUCHE got for his treason ) God Bless You All , JIM .

  2. Robert Dooran says:

    What would happen to their 140,000 employees if the license was withdrawn?

  3. Dear Robert Dooran ,Sir ,If God willing the bank is stopped from operating ; Other absolutely honest Banks ;(such as the Co-operative Bank ) would be eager & willing to take-over the branches & the staff. As has occurred in recent times with Santandar .Great savings would ensue ,i.e .Premises / well trained counter staff ( cost saving on training ). NO MORE our monies vaporizing via BAIL-OUT cash being siphoned off to pay greasy ,thieves ,un-earned gross BONUSES .The convicted bankers must be given long jail sentences to deter the rest of these obscene chancers ,this must become a priority NOW ! Unlike the slimey, obese ,greedy ,convicted CROOK ;Ex M.P. Elliot MORLEY who only collected a couple of weeks in a beautifully well appointed HOLIDAY CAMP ,with a gaggle of GENTLEMEN crooks therin .Better he should have gone into a PROPER Prison ;where some of my dubious friends could have arranged a rough dominating new boy friend ,to kiss his mouth & molest violently his gross nether-parts may-haps twice nightly .These actions displayed to other errant M.P.’s Etc .might persuade them also to do the jobs we trust & pay them highly to do . Instead of ” shirt -liftin & LEG-liftin ” in their private rooms at COMMONS .Pity the other yet unconvicted crook Ex .M.P. IAN (laughing boy ) CaUSEy ;has not been properly investigated yet for his Alleged perversions & various thefts from his elderly now impoverished Ex .constituents ??? God Bless You All . JIM >

    • Robert Dooran says:

      ‘If God willing’

      ‘where some of my dubious friends could have arranged a rough dominating new boy friend ,to kiss his mouth & molest violently his gross nether-parts may-haps twice nightly’

      ‘God Bless You All’

      It isn’t very Christian to wish sexual assault on others, Albert.

  4. Robert Dooran SIR ,From your enlightening Re-comment I assume that you find it more than acceptable to be fiscally screwed by elegant , (child tampering because they can afford to ) , BANKERS , than give them a good spanking ??? It was your misguided thoughts which put sexual connotations into my comment ! What ails thee me bonny lad i’st thou one of them lot WOT ca’nt string a good adverse comment together ; But instead you appear to utilize your much over exercised EGO in some perverted attempt to bring others DOWN to your perceived intellectual standards ?….Give us a break ; As you appear to side with BENT bankers ,why do’nt you comment in high praise of your beloved bed-fellow’s ,whom still to me epitomize gross moral filthy habitual LIARS & THIEVES ( “Whom steal the crusts out of babies mouths to surfeit wine ” –ultimately ) ???

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