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Arguments for socialism :: Banking crisis

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15 October 2008

Repossessions grow as banking crisis hits

THE FINANCIAL crisis is adding greatly to people's problems in getting decent housing. Despite prices of houses and flats falling at present, the previous huge price rises coupled with less disposable...

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17 September 2008

It's time to fight back!

Unison Local Government strike 16-17 July in London, photo by Paul Mattsson

Unison Local Government strike 16-17 July in London, photo by Paul Mattsson

Recession, Banking Crisis, Inflation, Pay Freeze, Wars... Shockwaves spread globally as two of the biggest multinational banks collapsed - Lehman Brothers and Merrill Lynch - and a third could follow, writes Dave Nellist, Socialist Party councillor, Coventry.

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29 November 2007

Northern Rock scandal: Nationalise the banks!

NORTHERN ROCK, the UK's fifth biggest mortgage lender, went into financial meltdown when it was forced to call on emergency funding from the Bank of England in September... By Elaine Brunskill, Newcastle Socialist Party

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8 November 2007

Why Prince of mortgages resigned

CHARLES PRINCE, chairman and chief executive of the world's biggest bank, Citigroup, has resigned... By Dave Carr

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4 October 2007

Banking turmoil continues

The governments's effective nationalisation of the deposits in the stricken Northern Rock bank and guarantee of deposits up to 35,000 in all banks, have not ended the financial turmoil... By Judy Beishon

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27 September 2007

British banking crisis: Toxic system exposed

THE NEAR collapse of Northern Rock bank, accompanied by the most astonishing scenes of panic for generations outside its branches, has serious political implications for Britain and the government of Gordon Brown...

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Banking crisis (15)

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Thurrock council workers striking against pay cuts, photo by Dave Murray

Thurrock council workers striking against pay cuts, photo Dave Murray

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