Bad Banks’ message to PM

The ‘Bad Banks’ community campaign to make banks more accountable is taking their message to Prime Minister John Key with a new online petition to curb banking power and protect customers and communities.

The petition has three main demands: to stop forced mortgagee sales, to increase public good requirements on Kiwibank and the introduction of a Financial Transaction Tax from global financial deals, to replace GST.

Campaign manager Vaughan Gunson says that the campaign was initiated because of public dissatisfaction with the banks – both their role in the global recession and of the Australian-owned banks’ impact on the New Zealand economy. “Our petition demands are challenging the logic that the banks can do whatever they want – we want to increase accountability and shift the current power balance.”

Vaughan encourages everyone (especially Finsec members!) to sign the petition – it also includes an option where you can sign without having your name appear. Check out the petition at the link below:


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