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From Bonus to Bust
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9:26 am
31st October 09


Editor

Admin

posts 73

1

You might argue that there would be some losers if customers created a run on a British bank, but if the customers were canny enough, the only losers would be the bankers themselves.

In a previous article about Bank Bonuses, we argued that if British savers got together and collectively withdrew their deposits, the Government and other banks would have to sit up and take notice.

Well that is precisely what happened with Dutch bank DSB. Encouraged by campaigner Pieter Lakeman of the Mortgage Grievances Foundation who appeared on Dutch television on 1st October telling customers it was “in their personal and collective interest to take their money out,” the bank’s customers did just that.

That was on Thursday. Within hours the bank’s website collapsed as savers began to withdraw their funds. By the weekend the bank began rescue talks with other Dutch banks as funds continued to drain from it. On Monday afternoon the bank went into receivership. On Monday 19th October DSB was declared bankrupt!

DSB has since been taken over by Dutch central bank De Nederlandsche Bank.

Now this action might seem extreme, but it shows that it can be done. Bankers can be made to pay for their folly and their mismanagement. In the case of DSB, 2,000 employees are expected to lose their jobs.

We’re not necessarily suggesting that British savers should actually take such a drastic course of action, but it would certainly make the Government sit up and take notice of the least deserving losers of the current economic collapse. British savers!


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6:17 am
23rd December 09


Lucy

Member

posts 130

2

It makes me wonder how we ever had an Empire.  It seems that the British nowadays have jelly for spines and seem to just lie back and take whatever happens to them.  Of course, the tactics deployed by the Dutch Bank customers would need organisation and an awareness of what was going on.  Sadly, the population of the UK seem to be satisfied with a diet of Reality TV and Celebrity shock-horror stories and have lost the fighting spirit that our fore-fathers had.

We've bailed out the Banks and will be paying for generations to come because of their greed and self interest.  Why aren't we up in arms that they are still paying themselves indecently large bonuses, when all they have done is cause economic collapse?  We need an Oliver Cromwell.  We need a strong individual to stand at the front and say “enough is enough”.  We need to organise and target specific Banks, separately. 

I've been looking for a job WinkWink

7:47 am
23rd December 09


Me.

Member

posts 558

3

Banks are a large target, and not all people have money on deposit. Why not aim at something that is far simpler to show your ire, a product that most homes and businesses rely on: fuel? Sort out one company, BP would be ideal, and boycott them, taking your custom to other service stations. In the UK you pay a simply disgusting price for petrol, why not use people power aimed at one company to show the government the public have had enough of taxes being levied at positively obscene levels.

Fat chance!!! Lucy has hit the nail right on the head, apathy rules, especially on nights that Coro' Street and likewise programs are being shown. 

Before I get roundly condemned for living overseas and daring to comment on UK policies, let me say the cost of our petrol is at present about 75 pence a litre, in Australia it's even cheaper.

Rather like the deed required before we can post … you do the maths. Confused

Tis Me.

10:54 am
23rd December 09


Lucy

Member

posts 130

4

Already done, Mouse.  We've been boycotting Shell for about 10 years now but it seems not to have made a ha'porth of difference.  There's a list of Global boycotts called 'Boycott the B***ards” with explanations as to why each one is being targetted.  I'm afraid I've had to finally accept that people are not interested in anything outside of their own 4 walls.  It was Karl Marx who said that Religion was the opiate of the masses.  Not now it ain't.  Our Churches have become freezer centres or carpet warehouses.   If Mr Marx was here today, he would say that it was that magic box in the corner. CryCryCryCry


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