TOKEN POSITIVITY
The CEO of the Royal Bank of Scotland recently announced a £1 Billion fund for female entrepreneurs.
How marvellous and a long overdue gesture!!
And gesture it is, as while the bank sits smug with this token of support and the media cries out "look banks are really out to help the ordinary folk"...
Let"s not forget that we, the public, bailed the bank out and "the Office for Budget Responsibility (OBR) estimated that saving RBS cost the public £27 billion. The final figure will depend on how the share price does in the next few years". Unlike government of Iceland who prioritised the rights of citizens by opting out of bailing the banks, UK 's choice was to prop up the bank and bankers while bankrupting several hundred citizens.
So pardon me if I don't join in with a gusto to celebrate the new RBS fund for female entrepreneurs.
It is just not good enough!