Wednesday, 31 October 2012 09:34
'The Occupy movement received vindication from unlikely source tonight, as a senior executive at the Bank of England credited it with stirring a “reformation of finance”.
In a glowing appraisal of the movement’s achievements, Andrew Haldane, executive director of financial stability, said Occupy protesters had been “both loud and persuasive”, and had attracted public support because “they are right”.
“Some have suggested … that Occupy’s voice has been loud but vague, long on problems, short on solutions. Others have argued that the fault-lines in the global financial system, which chasmed during the crisis, are essentially unaltered, that reform has failed,” Mr Haldane said in a speech tonight.'
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