Tuesday 3 November 2009

the feeling's mutual



The credit crunch that has paralysed our economy was caused by greedy banks gambling with our money and making massive profits through high risk deals. When those bets failed they took us all down with them.

But mutual financial organisations like building socieites and credit unions have weathered the economic crisis better than the high street banks. Because they are owned and controlled by their customers they have taken fewer risks and put the interests of ordinary people first.

That is why the Co-operative Party is running a major national campaign for those banks that failed us, like Northern Rock, to become mutuals again.

We want a stable financial system with a strong mutual sector.
We want to see an end to greedy bankers gambling with your money.
We want to reverse the damage the Conservatives did to our building socieities when they encouraged them to de-mutualise, and
We want an economy that puts people before profit.

If you agree, be part of our campaign:
1. Sign up on our website
2. Join our Facebook group


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