Sensible banking suggestion

The Green Party has proposed a banking system that will have a clear separation between retail banking and the so-called ‘casino’ processes that have led to the current financial crisis. The new proposal calls for all derivatives and complex financial products to be subjected to a social usefulness test. On the practical level, it would like to see a network of community, not-for-profit banks that would provide local businesses with low-cost funding.

Credit unions already do this. If anyone out there is feeling uneasy about the future of our banking arrangements, it could be an idea to investigate the alternative.