London- Over 4,000 disapproving citizens, environmentalist, and anti-capitalist stormed the guarded entrances of England’s most prominent and powerful banks in protest to the London G-20 Leaders Summit held on April 2.
Gathering in the city’s central financial known as “The City” protestors’ hurled fruits and eggs at the Bank of England and the riot police guarding it.Also under public protest is the Royal Bank of Scotland, which gained the focus of most protestors.
Due to the current global financial crisis, the British government recently bailed out the RBS (Royal Bank of Scotland) for 20 billion pounds as it pushed on the blink of a 24.1 billion pound bankruptcy.With the bailout, the majority of the bank is now owner by the British taxpayers, who showed their disapproval at the protest.
To further enrage protestors, former chief executive of the RBS, Fred Goodwin, recently retired with a $1 million annual pension for life.And with a soaring unemployment of 2 million, and an expected 3 million by the end of the year, this luxury retirement is becoming more unsettling in the heart and pocket of the people.
Despite the concerns, struggles, and rage of the protestors, some bankers not only showed up to work but also taunted the crowd by holding out 10 pound notes from their office windows.To most, the greed of these British bankers is a major reason for the economic recession and troubles of the middle class.
The protestors responded by breaking the windows of the RBS and spray-painting “thieves” and “class wars” on the outside walls.Many also held signs saying, “Abolish Money”, “Banks are evil”, and “0% interest in other people”.
Still, even through all the collapse and chaos, protestor Steve Lamont never forgets the simple and true reality of our global situation, that “the greed that is driving people is tearing us apart.”
Surely more protest will arise in the coming days.