As too the banks who have made a difference by providing Britain with foreign exchange and topping up the exchequer's coffers for centuries, and which have now become non-PC and ripe for demolition.

Oh yeah, they have been falling over themselves to help the man in the street, I mean on numerous occasions I have been stopped in my tracks at how kind, generous and philanthropic modern banks are compared to those nasty Victorian bankers or someone like Dave Fishwick. I mean how dare he be as brazen as to give people the benefit of the doubt, trust them and invest in them.... he should be more like the banking industry and lie, cheat, steal and hold governments and countries to ransom. What he should do is illegally sell insurance policies that don't actually work or maybe he could get together with other scumbag credit union operators and they could manipulate rates, gamble with money that doesn't belong to them then tell the rest of us, "Tough shit" when the crap hits the fan.

No, you're right, much better to give this bloke a good grilling, I mean its not like the banks have any blood on their hands.

Yes, you’ve given me much to think about and no mistake.

Maybe you’re right, maybe we should kick in the door of the city and the whole corrupt edifice will come tumbling down. We could parcel it up and dump it on the Germans (we’re good at that).

I believe Frankfurt is salivating over soon becoming the financial centre of Europe and good luck to them. They must be shaking their heads and wondering why they didn’t think of destroying London this way last time.

It would, of course have its benefits.

I’m sure you wouldn’t hear of any banking scandals under the German Chancellor, and if they got our banks to work like they got our cars to work (starting on a cold morning) we’d be well off.

Then of course we would have access to some of the money that the German banks lavish on German companies and we would then be able to compete with them on a level playing field. We’d have to learn to ask for it in German of course.

It would have its drawbacks too.

The Cockneys would be eating out of dustbins within a year.

And J. R. R. Tolkien would have to bang out a Harry Potter book a week to make up the shortfall in the balance of payments.

Yes, much to think about.

Just because the banks are crap it doesn't make this guys scheme cred, it's early days.

Perhaps other countries are now beginning to see through the dodgy dealings amongst executives in banks and big business

Swiss referendum 'backs executive pay curbs'

http://www.bbc.co.uk/news/world-europe-21647937

Cockneys, Tolkien, Harry Potter, good old Anti German Xenophobia and even a good dose of histrionics, is there anything your post lacked?

To be completely honest I could not give a figs fuck if London loses its banking monopoly and Frankfurt got it, hell why stop at Frankfurt? Let Shanghai have it, the Chinese could run everything they want in the way they want. Just because we might lose it doesn't mean we should let them do what they want, if I lied, cheated and stole to effectively embezzle billions out of peoples money I'd be locked up for 60 years, hell we chased Biggs all the way to Brazil for a few million quid but these wankers? No, we reward them, give them bonus's and pat them on the back in that nervous sort of way that anyone having dealt with a criminal that is just too scary to do anything about them knows.

I'd be happy to see them all locked up and anyone else that brings misery to people who have no choice but to have to deal with this sort of pondlife locked up and I don't mean in some nice comfortable open prison, oh no, I say let them do a month with a nutcase lifer... if they make it out alive I can guarantee they won't ever want to go back inside again.

To be fair, a year or so on and it seems to be working. When he was interviewed around Christmas time he said only one person out of the hundreds they had lent money to had let them down. I personally think he should be given a chance, if it works they why can't this sort of thing be rolled out more and WE set the standard for global banking just like we used to?

From looking at their website, it appears that they are taking no new deposits until 2014 as they have a waiting list.

If he were a conman, wouldn't he be raking in just as much as he possibly could before jetting off to some tax haven?

Yes true. I am not saying he is a con. 90% of me thinks it's a great scheme

Not until he is too big to be allowed to fail

I like the guy's initiative but I will definitely not be putting my money into his bank. His personal guarantee means nothing

Well...yes, good point. A small part of me sends out warning bells

He is regulated you know?

http://www.channel4.com/programmes/b...d-alternatives

Catch up on it all here......if you can.

How would it get too big to fail if it is confined to one town, and as I said earlier, they are not taking in any more money until 2014?

When he says he wants to see one of these ventures in every town and city, he means that each one would be a separate entity, run on a strictly local basis.

Could it be a marketing ploy? It does say watch this space

I would consider putting a small amount in. Would be interested to see the accounts, how much is paid in salaries etc.




There is currently a waiting list in place regarding the 5% lending. The next available date on the list is 2014. Due to this time frame the list has been closed for the time being. We are currently in the process of reviewing all possible options to shorten the waiting list. Please watch this space for further developments.