Bank of England director: Occupy was rightSubmitted by emalvini on Tue, 10/30/2012 - 12:42
Bank of England director: Occupy was right
Published: Oct. 30, 2012 at 2:30 AM
LONDON, Oct. 30 (UPI) -- The protesters who occupied Wall Street and parts of London and other cities were morally and intellectually right, a senior Bank of England official said.
"Some have suggested ... that Occupy's voice has been loud but vague -- long on problems, short on solutions," Andrew Haldane, a member of the central bank's Financial Policy Committee, told an event called "Socially Useful Banking," organized by Occupy Economics, an offshoot of the Occupy movement, in London Monday night.
"Others have argued that the fault lines in the global financial system, which chasmed during the crisis, are essentially unaltered -- that reform has failed," he said.