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Collapsed UK Bank Attempts to Censor Wikileaks
James Hardine writes "Wikileaks has released a couple of hilarious legal demands over a confidential briefing memo entitled Project Wing — Northern Rock Executive Summary. Northern Rock Bank (UK) collapsed spectacularly late last year on the back of the sub-prime lending crisis and was re-floated by the Bank of England at a cost of over £24bn. The memo was used by the Financial Times, the Telegraph and others. It attracted a number of censorship injunctions, as reported by the Guardian, which only Wikileaks continues to withstand. In their legal demand to Wikileaks, Northern Rock's well-known media lawyers, Schillings, invoke the DMCA & WIPO, claim it'll be 10 years in prison for Wikileaks operators for not following the UK injunction, but then, incredibly, refuse to hand over a copy of the order unless Wikileaks' London lawyers promise not to give it to Wikileaks. Finally they claim copyright and more — on their demands! The letters raise a serious issue about the climate of censorship in the UK, where one can apparently easily obtain a censorship order — a judge made law — that everyone is meant to obey, but no one is meant to know."
Northern Rock has not collapsed. It's share price has, but the bank itself is still trading normally.
While I agree with your sentiments, I have to point out that the quote you ascribe to Mussolini is something of a myth, probably based on a mistranslation. He is not known to have said that and, based on what he wrote, his philiosophy did not include giving power to anything other than the fascist state.
(see http://www.publiceye.org/fascist/corporatism.html)
The problem with that video is it confuses fractional reserve with tort money and as a result its conclusions are nonsense.
If the system were as that video states than banks would never go bust - they could make infinite money just by lending it to each other!
The wikipedia article covers what really happens http://en.wikipedia.org/wiki/Fractional-reserve_banking