Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/550/6444

From The Socialist newspaper, 2 October 2008

The bishop and the 'bank robbers'

LAST WEEK the Archbishop of York, John Sentanu, attacked many business people - at the Worshipful Company of International Bankers' annual dinner! He singled out those "who made 190 million deliberately underselling the shares of [the bank] HBOS... and drove it into the arms of Lloyds TSB." He called them "bank robbers and asset strippers." Some sensitive souls complained.

Sentamu was speaking when the Bush administration was confident that its 700 billion 'rescue deal' would go through. The Archbishop quite rightly commented that this financial crisis "makes action on poverty look utterly achievable. It would cost $5 billion (2.7 billion) to save six million children's lives worldwide. World leaders could find 140 times that amount for the banking system in a week. How can they tell us that action for the poorest is too expensive?"

Of course, Sentamu's Church of England itself makes enormous money on the finance market. Church assets of over 5.6 billion are invested, much of it in property and private equity businesses.

The finance executives effectively run the CofE and many other establishment institutions. Perhaps if Sentamu seriously wants to chase the 'money changers' out of his temple, he should join forces with the working class and put forward a socialist economic alternative!

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 2 October 2008:


Socialist Party editorial

Market madness!


Credit crunch

Bradford & Bingley: We need real nationalisation

The bishop and the 'bank robbers'

Russia: economic crisis looms

What is short-selling and will the ban have any effect?

Short-sellers back Tories

Another nail in New Labour's coffin


Socialist Students

Student debt soaring

Lots of new recruits for Socialist Students


Global Warming

Climate change calamities: Socialist planning needed

Cuts and privatisation threaten new floods


Socialist Party workplace news

Local government pay dispute in Scotland: solid support for strike

Unison goes to arbitration - a strategy or surrender?

Union calls ballot over health pay

Unions must fight to defend Ford jobs

Lincoln - fight council cuts plan

Workplace news in brief


Socialist Party campaigns

Jean Charles de Menezes


Comment

Conditions in China


Socialist Party review

Liberty by Glyn Maxwell at Shakespeare's Globe


 

Home   |   The Socialist 2 October 2008   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Church:

triangleLessons from the Russian revolution for LGBT+ struggle today

triangleBlairite warmonger misses chance to fight on Corbyn's popular policies

triangleTheatre review: high art and savage poverty in Bootle

triangleIreland: repeal the 8th Amendment - fight for abortion rights

triangleWarrington Socialist Party public meeting: US presidential election results and prospects, a socialist analysis

Church of England:

triangleAbolish the House of Lords!

triangleAbuse scandals reveal abusive system

Reports and campaigns

Reports and campaigns

16/12/17

North West

Arriva bus drivers' action wins pay rise

16/12/17

Haringey

Blairite council 'all ears' to rich property developers

14/12/17

Waltham Forest

Stop the rotten redevelopment plan, demand residents

13/12/17

London

Six months on - still no justice for Grenfell

13/12/17

Fracking

Movement growing against fracking giant Ineos

13/12/17

Devon

Totnes MP uses coffin controversy to distract from brutal NHS cuts

13/12/17

Miners

Tory plan to hold dinner at coal mining museum defeated

13/12/17

Bradford

Bradford campaign to save children's services launched

13/12/17

South London

South London health bosses' cover-up

13/12/17

Blacklisting

Unite day of action against blacklisting

13/12/17

Brighton

Brighton victory

13/12/17

Newham

Newham anti-academies strikes

13/12/17

Tamil Solidarity

Tamil Solidarity and Refugee Rights activists meeting

12/12/17

Woolwich

Support the Crossrail Woolwich walkout

7/12/17

Blacklisting

Unite protest against blacklisting

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle16 Dec Arriva bus drivers' action wins pay rise

triangle16 Dec Blairite council 'all ears' to rich property developers

triangle14 Dec Stop the rotten redevelopment plan, demand residents

triangle13 Dec Six months on - still no justice for Grenfell

triangle13 Dec Movement growing against fracking giant Ineos

triangle13 Dec Totnes MP uses coffin controversy to distract from brutal NHS cuts

triangle13 Dec Trump's incendiary Jerusalem statement reignites Israeli-Palestinian...

More ...

triangle18 Dec Leeds Socialist Party: Religion and Socialism

triangle19 Dec Bristol North Socialist Party: Christmas social

triangle21 Dec Wakefield Socialist Party: Socialists and the National Question

triangle6 Jan Socialist Party national women's meeting

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

December 2017

November 2017

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2