Petition London People's Bank (LPB)

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Rather than Re-capitalizing Banks, Banks need to be placed into Bankruptcy with Deposit holders funds protected only. London People's Bank (LPB) created from Deposit holder funds creating a good bank free of Toxic Legacy Bad Asset Debt with No Government Guarantee the bad assets. LPB run by the people for the people with every Londoner given a shareholding. LPB responsible lending cap interest rates for most vulnerable to alleviate poverty debt cycle. Pay above Bank England rates for savings. No risky investment trading using depositors money.

This petition is closed This petition ran for 6 months

39 signatures

Progress of the petition towards its next target: 39 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 8 November 2012
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