What is the Bank Job?
Our Bank Job is a feature film and art project pushing for economic change - operating out of a former Co-Op Bank on a High Street in Walthamstow, North East London as HSCB (Hoe Street Central Bank).
The Guardian called us “The Rebel Bank” - as we first printed our own banknotes/artwork and sold £40,000 worth of them. We used the proceeds to fund local projects (£5000 each) picking up the pieces of our broken financial system - local food bank Eat or Heat, homeless kitchen Pl84U-Al Suffa, youth project The Soul Project and Barn Croft Primary School.
We have used the other £20,000 to buy up and abolish £1m of local high interest debt. Debt gets sold for a fraction of its face value when debtors fail to make repayments. Debts get sold on and on - but debtors get chased for the full amount.
Buying up the debt and sending out letters to say those debts have been cancelled is a quiet act. To give this community heist of a feature film a fitting climax and literally explode the conversation around illegitimate debt and a just economy into the minds and living rooms of Britain and beyond we are now exploding the debt in a ‘debt in transit’ van with Canary Wharf as backdrop in an action called ‘Big Bang 2.’ To enable this to happen HSCB is issuing BONDS.
If you invest in our bond certificates, they will yield:
The bond AS artwork.
A fragment OF THE explosion AS COIN (on bonds of £50 and over).
The chance to BE PART OF MAKING SOCIAL history.
In relation to all the above – a GOOD RETURN.