Lord Rothschild backs occupy activists
Thursday 31 May 2012
Lord Jacob Rothschild, the British investment banker, arts patron and philanthropist, has expressed "sympathy" for the Occupy movement's protests against banks.
In an interview in Israel, where he chairs Yad Hanadiv, one of the country's biggest charitable foundations, Lord Rothschild told the fortnightly magazine Jerusalem Report: "I have a lot of sympathy with people who protested about some of the excesses in the world of finance.
"After all, here are characters who have made great fortunes who have been in charge of a system which has been very damaging to many interests in the last five to 10 years. They have had enormous benefits but the banking system as a whole has had a crippling effect in a number of areas throughout the world."
Lord Rothschild, a member of one of the world's most venerable banking families, was sceptical about whether the protests would succeed in persuading banks to adopt more socially conscious stances by trying to channel their wealth back into the community. "Right now the banks are not in a very fit state to give away money."
Diving in at the deep end is no excuse for shirking the style stakes
- 2 Belgium fan Axelle Despiegelaere lands L'Oreal campaign after World Cup viral photo
- 3 Why I'm on the brink of burning my Israeli passport
- 5 Blackest is the new black: Scientists have developed a material so dark that you can't see it...
Pope Francis: ‘One in 50’ Catholic priests, bishops and cardinals is a paedophile
Fry ‘criticises Operation Yewtree in dinner party rant’ calling for tougher laws to deter false sex abuse allegations
Supermoon 2014 in pictures: The moon appeared bigger and brighter at the weekend
Saharan remains may be evidence of first race war, 13,000 years ago
Israel-Gaza conflict: ‘Sderot cinema’ image shows Israelis with popcorn and chairs 'cheering as missiles strike Palestinian targets'
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
Emergency data law: David Cameron plots to bring back snoopers’ charter
NUT strike: David Cameron announces crackdown on strike action ahead of mass industrial action
iJobs Money & Business
£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...
£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...
£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...