Saturday, October 18, 2008
England to limit evictions, why can’t we?
by Larry Geller
From the Guardian:
Banks will face new curbs on home repossessions to prevent families from being evicted when they fall into financial difficulties, the Chief Secretary to the Treasury has promised.
The pledge was made by Yvette Cooper in an interview with The Observer as the government braces itself this week for official confirmation that Britain is entering recession for the first time since the early Nineties. [The Guardian (London), Bank chiefs ordered to cut home evictions, 10/19/2008)
Good for them! Let’s see if they actually do this.
What about us? Today’s issue of the same paper reveals that the USA continues to bail out Wall Street fat cats. Fully 10% of the $700 billion bailout will go to pay and bonus deals. The article is accompanied by a picture of demonstrators protesting the bailout, something our domestic papers by and large won’t show you (click link below to see pic).
Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned. [The Guardian (London), Wall Street banks in $70bn staff payout, 10/18/2008]
Are we a nation of sheep or what (I bleat as I do no more than write a blog post about this…)?
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