Today the Co-operative Party is launching 'The Feeling's Mutual', a campaign to build a better economy which puts the needs of ordinary people first.
Mutual financial organisations like building societies, the Co-op Bank and credit unions have weathered the economic crisis better than high street banks. Because they are owned and controlled by their customers, they have taken fewer risks and put the interests of ordinary people first.
So we think that those banks that failed us, like Northern Rock, should become mutuals.
It's time to remind people why mutuals matter.
Thatcher and the Conservative governments of the 80s and 90s wreaked great damage on mutuals and their savers and borrowers by encouraging short-term greed and the de-mutualisation of many building societies - often long-standing local institutions. By joining our campaign, you can help reverse the damage the Conservatives and their fat cat friends did to our building societies.
Want a safe place for your money?
Want an economy that puts people before profit?
Think the Government should re-mutualise the failed banks?
The feeling's mutual.
If you support our campaign, there are plenty of ways to find out more, show your support and spread the word. Please visit our website www.thefeelingsmutual.org.uk and keep checking back for updates.
There you can also check out our campaign video with Treasury Select Committee Chair John McFall MP, Labour Co-operative MP Mark Lazarowicz, and candidates Stella Creasy, Stephen Twigg, Rachel Reeves and Andrew Pakes talking about why they support this campaign.
We have also produced campaigning materials for local Co-operative Party branches and candidates to use to get support in your local communities. Get in touch if you want supplies - we're sending them out this week.
http://www.thefeelingsmutual.org.uk