The FT. reports that:
Sir Win Bischoff has emerged as a possible candidate to take over the chairmanship of UK Financial Investments, the government body that oversees investments in the banking system. Sir Win, who recently stepped down as chairman of Citigroup, is one of a number of candidates being considered for the position.
Wkikpedia notes:
On February 27, 2009 Citigroup announced that the United States government would be taking a 36% equity stake in the company by converting $25 billion in emergency aid into common shares.
Surely, surely, someone realises those who got us into this mess aren't those to get us out of it?
Don't they?
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The agenda of the world’s ‘megga rich’, whether as individuals or institutions(banks,etc..), has little or nothing to do with promoting social justice and the eradication of poverty. It has everything to do with acquiring money & the extravagant trappings that it can buy. Thus the rich in the world grow wealthier whilst the poor become poorer. The social malaise of the Industrial Revolution has returned on a staggering global scale, the only difference is we do not see in the UK children down mines or slate miners having to pay their employers for candles, or agricultural labourers working as surfs & living in tied cottages…
Instead we see children & families living on the world’s rubbish tips, scavanging for what the rest of society has thrown away as being of no worth.
If recession brings us all closer to the world’s poor it will have served us well as a wakeup call to the terrible inequalities of life on earth. We might discover in our common humanity a better way of all growing together in a more equitable prosperity.