Errosion Of Accord
30th October 2012, 08:23 AM
World News (http://www.upi.com/Top_News/World-News/)
Bank of England director: Occupy was right (http://www.upi.com/Top_News/World-News/2012/10/30/Bank-of-England-director-Occupy-was-right/UPI-98241351578600/)
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A female protester is arrested at an 'Occupy' protest against the wrongs of the global banking system in London on Saturday October 15 2011. UPI/HugoPhilpott License photo
Published: Oct. 30, 2012 at 2:30 AM
LONDON, Oct. 30 (UPI) -- The protesters who occupied Wall Street and parts of London and other cities were morally and intellectually right, a senior Bank of England official said.
"Some have suggested ... that Occupy's voice has been loud but vague -- long on problems, short on solutions," Andrew Haldane, a member of the central bank's Financial Policy Committee, told an event called "Socially Useful Banking," organized by Occupy Economics, an offshoot of the Occupy movement, in London Monday night.
"Others have argued that the fault lines in the global financial system, which chasmed during the crisis, are essentially unaltered -- that reform has failed," he said.
"I wish to argue that both are wrong -- that Occupy's voice has been both loud and persuasive and that policymakers have listened and are acting in ways which will close those fault lines," said Haldane, the bank's executive director of financial stability.
http://www.upi.com/Top_News/World-News/2012/10/30/Bank-of-England-director-Occupy-was-right/UPI-98241351578600/#ixzz2An7VxwKa
Bank of England director: Occupy was right (http://www.upi.com/Top_News/World-News/2012/10/30/Bank-of-England-director-Occupy-was-right/UPI-98241351578600/)
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http://cdn.ph.upi.com/sv/upi/UPI-98241351578600/2012/1/6be569020935aa95d75f930cbe96cc25/Bank-of-England-director-Occupy-was-right.jpg (http://www.upi.com/Top_News/World-News/2012/10/30/Bank-of-England-director-Occupy-was-right/UPI-98241351578600/#)
A female protester is arrested at an 'Occupy' protest against the wrongs of the global banking system in London on Saturday October 15 2011. UPI/HugoPhilpott License photo
Published: Oct. 30, 2012 at 2:30 AM
LONDON, Oct. 30 (UPI) -- The protesters who occupied Wall Street and parts of London and other cities were morally and intellectually right, a senior Bank of England official said.
"Some have suggested ... that Occupy's voice has been loud but vague -- long on problems, short on solutions," Andrew Haldane, a member of the central bank's Financial Policy Committee, told an event called "Socially Useful Banking," organized by Occupy Economics, an offshoot of the Occupy movement, in London Monday night.
"Others have argued that the fault lines in the global financial system, which chasmed during the crisis, are essentially unaltered -- that reform has failed," he said.
"I wish to argue that both are wrong -- that Occupy's voice has been both loud and persuasive and that policymakers have listened and are acting in ways which will close those fault lines," said Haldane, the bank's executive director of financial stability.
http://www.upi.com/Top_News/World-News/2012/10/30/Bank-of-England-director-Occupy-was-right/UPI-98241351578600/#ixzz2An7VxwKa