Get bankers out of the food casino by phoning the regulator

On Monday we’ll be launching a week of phone calls to the Financial Services Authority, raising the alarm about food speculation and telling them to stop investment banks from betting on hunger. 

Investment banks drive huge sums of money into food speculation, pushing up the price of food, and destabilising economies.

Goldman Sachs profited from speculation to the tune of $5billion in 2009, and lobbied for the deregulation in the 1990s which allowed excessive betting on food to begin.”

Because of this careless gambling on food, Ethiopia’s wheat bill shot up from $84million to $465million in two years. Thousands became malnourished and families that were just getting by were pushed into poverty. We can’t know how many deaths food speculation is responsible for.

We have regulators to stop banks hurting people and damaging the economy, but they have failed to stop hunger and suffering around the world. We want the regulators’ phones to be ringing off the hook with people demanding action against Goldman Sachs.

Sign up!

To shop the bankers who knowingly cause hunger and poverty, sign up now by SMS or email. We will contact you on Monday 19 July with the phone number and a link to calling tips online.

SMS: text WDM to 82055 or add your phone number below.

Email: fill in your details below.