Summary
The Tories systematically undermined them by introducing legislation that encouraged them to behave like banks, advancing unsecured credit and raising funds from the wholesale money markets rather than from their savers. Some Tories were so intent on destroying the mutual model that they wanted to compel all building societies to convert to pics within a decade.
See the full content of this document
Extract
Gordon's Pig, Tory Toadies and Fat Cats
When the Conservatives use words such as "cooperative ", it is wise to count the spoons. Their proposals for allowing state employees to take over primary schools, nursing teams and so on, and to keep and distribute among themselves any surplus, may possibly signify a belated convers...
See the full content of this document
Sponsored links
