• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Go to Positive Money Europe

Positive Money

Making money and banking work for society

  • About us
    • Our vision
    • Who we are
    • History & highlights
    • Contact us
    • There are currently no vacancies available
    • In the media
    • Funding & Annual Reports
  • What we do
    • Educate & empower
    • Research and Policy
    • Campaign & local groups
    • Influence decision makers
    • In the media
    • International Movement
    • Events
  • Resources
    • Videos
    • Publications
    • Local group resources
    • Lobby your MP
    • Organise an Event
    • Policy resources
    • Shop
  • Press
  • Blog
  • Donate
  • Positive Money Europe

Public Sector Workers 'Sacrificed to Save Zombie Banks'? Not Hollywood, but Canary Wharf…

by Mira Tekelova

12th September 2011 is the day when the Banking Commission will release its final report with the decisions about banking reform. On the same day a protest group calling themselves Department of Corporate Sustenance (a spoof government department) is making an entertaining point about how the inevitable failure of a fundamentally  flawed banking system is being passed onto ordinary people who did nothing to cause the crisis…

Information about the Department was revealed over a number of weeks through a sinister poster campaign, advertisements on social networking sites (you can join their Facebook site here) and a ‘hack’ of the Department’s website.

At 6.30pm on 12th September, over 100 members of the public dressed as ‘zombie bankers’ will stage a flash-mob outside Canary Wharf tube station where they will ‘feed’ on doctors, nurses, teachers and other public sector workers in a spectacular orgy of fake blood and gore.

The group is seeking to raise awareness of the huge ongoing taxpayer subsidy to the banking industry. Without the estimated £30bn+ subsidy, the big five banks would have made no profit last year, and without the bailouts, these corporations would have been liquidated by now, motivating the ‘zombie’ analogy.

Even the strongest proposals of the report by the Independent Commission on Banking will not eliminate the subsidy. Neither ring-fencing nor  full separation of retail and “casino” banking would address the fundamental problems. Until they realise that the crucial issue is who gets to create money and how they use it, they’ll be missing the point.

To join in the fun you can log into the Department of Corporate Sustenance’s site at:  

username: gosborne
password: z0mbies

Campaigns, Independent Commission on Banking

Mira Tekelova

Primary Sidebar

Get our latest campaign updates

Recent Posts

  • Quantitative easing “turbocharges” inequality: our evidence to the House of Lords
  • Surprise for Sunak: 60,000 demand climate action on frontpage of his local paper
  • QE or not to QE? Soaring inequality shows it’s time for a new macroeconomic approach
  • Update from Chair of the Board on Interim Leadership
  • Why GameStop reveals the flaws of big finance

Footer

Follow us on social media

  • Facebook
  • Instagram
  • Twitter
  • YouTube

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.


Privacy Policy, Terms & Conditions


Positive Money is a company limited by guarantee registered in England and Wales. Registered number 07253015.
Registered office: 307 Davina House, 137-149 Goswell Road, London EC1V 7ET.


Positive Money Europe