The total cost of the August 2011 riots was estimated at £0.5billion. The total UK cost of the 2008 financial crisis caused by financial deregulation, bank fraud and management failures was estimated at £1.2trillion for banking losses alone, to say nothing of the lives and businesses ruined globally, with 100million people thrown back into poverty, according to the UN.
A total of 4,000 people were arrested following the UK riots, with 701 receiving custodial sentences. How many bankers are in jail as a result of £500trillion Libor and Forex market manipulation, or PPI mis-selling for looting in the City of London? – zero.
The unfortunate truth is that we live in a two-tier justice system, where the banking criminals are above, or outside, the law – and it’s high time something was done about it. The first step is educating the public and understanding the gaps in the UK financial regulatory system that have been specifically created for financial firms to exploit the system outside the rule of law.
With the Scottish independence vote not far away, I would like to know what our Lib-Con Westminster MP Michael Moore is going to do about these gangsters who extort monies from Scottish taxpayers and what local MSP John Lamont is going to do about these scroungers who fraudulently take money off taxpayers and put absolutely nothing back into our economy?
As far as I can see, our two hapless representatives have done nothing and refuse to do anything, except kick the poor and disenfranchised in our society.
I’m not sure what the SNP can do, but it has to be better than the current status quo, hasn’t it?