Saturday, February 13, 2010

Bragg turns up at a bank on Saturday morning

Continuing his one man protest against the banks, Billy Bragg went to the HQ of RBS today for a gathering.

Alright, it's not a one man protest. He's got a massive Facebook team behind him. But everyone knows friends on Facebook are imaginary, right?

Seriously, though, Bragg had a fair point to make:

After the event, the singer-songwriter said: "I'm doing it to draw attention to the fact the bankers seem to think it's business as usual now.

"They're starting already to talk about paying the kind of excessive bonuses that got us into all this trouble in the first place, whilst the rest of us are being softened up for public service cuts.

"Considering that this hole in the public purse has been caused by the bailout for the banks, the bankers should be leading the way in making economies."

The bankers have been busy economising, though: if they hadn't carefully cut back the amount they were lending to individuals and small businesses, cut back the interest rates paid on savings products. Why, bankers have simply cut everything they possibly can.

Apart from bonuses.