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 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.