Banks - Pillars of Society, or Greedy Charlatans
To most people, even before governments, banks seem to represent all that is honest as an institution considered a pillar of society. Unfortunately, the banks are run by people, and unless correct checks and balances are introduced - and with appropriate powers to police them - they will do all they can to usurp the rules n the name of profit. Forget deliberate fraud, I think sufficient powers are already in place to make such efforts very difficult. But - look at Northern Rock. The first British bank to have a run on its branches in the UK for over 100 years - and now it has been nationalised, it is going to cost every UK taxpayer around 3, 500. ...
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