@Ed_Miliband. More banks? What for?

why should splitting banks up make me feel more confidence in them?

The only effect would be to create a facade of increased competition.

Increased competition will just mean more trotters getting in the trough, when they collude to rip us off.

That means they’ll want more slops to share out.

Fake competition hasn’t helped prevent the utilities from ripping us off; nor has it prevented Government from using them to extract more indirect taxation.

If Ed Miliband really wants to take action that will protect our interests, he should look to nationalise the banks and put bean counters in charge, in place of the Gamblers and the Spivs.

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