Network for Sustainable Financial Markets has posted a new item, ‘Bank of England’s Andy Haldane praises Occupy movement at NSFM supported event‘
The Bank of England’s Andy Haldane praised Occupy and criticised investors at a recent London event: Socially Useful Banking supported by NSFM.
“Occupy’s voice has been both loud and persuasive,” he said, “I want to argue that we are in the early stages of a reformation of finance, a reformation which Occupy has helped stir.”
Linking inequality to economic instability he said: “The asset-rich, in particular the owner-occupying rich, became a lot richer. Meanwhile, the asset-less and indebted fell further behind. In other words, the pre-crisis asset price bubble acted like a regressive tax.”
Read the full speech here, plus reporting in the Telegraph and Guardian of the event.
You may view the latest post at
http://www.sustainablefinancialmarkets.net/2012/11/01/bank-of-englands-andy-haldane-praises-occupy-movement-at-nsfm-supported-event/
More invaluable advice from Robert A. G. Monks, analyzing the new breed of dysfunctional “drone corporations.” He calls out the most influential trustees of pension funds, endowments, and foundations by name to take responsibility. A must read by asset managers and trustees worldwide.