Reclaim your Council from financial parasites

Bankers, brokers and advisors have colluded to trick councils into taking out expensive, risky loans which endanger essential services. Find out how to audit your council's debt, challenge the illegitimate lending practices of the City and help reclaim local democracy.

WHAT IS A LOBO LOAN?

LOBO loans are “teaser rate” loans containing derivatives provided by banks to public authorities. LOBO stands for "Lender Option, Borrower Option". LOBO loans are expensive risky products that local authorities are locked into. As a result tax-payer money is being unnecessarily wasted while the private sector is making huge profits.

DOES YOUR COUNCIL HAVE LOBOS?

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