Do you trust the banks anymore? A new scam?

[AlexKP]

So, half-way in to the financial cataclysm, the Banks seem likely to be held to account for years of zealous overcharging too. Their response? Well, have a read...

http://news.bbc.co.uk/1/hi/business/7969395.stm

Do they have any credibility left? Given that they have thus far singularly and catastrophically failed to live up to their immense social responsibilities, do you trust them now?

(And in case you needed to remind yourself, here is an article about thier failed appeal to prevent these charges being investigated...)

http://news.bbc.co.uk/1/hi/business/7910852.stm

*An option for the catastrophically stupid.

Edited by AlexKP on Saturday 28th March 11:09

[AlexKP]

Ry_B said:

People forget banks aren't there to help..banks are there to make money..it's a business! Just like TVR was, just like Mazda are...

I still trust them, they won't loose your money or pretend it isn't there.

I don't agree. Banks may be businesses, but clearly they are not like any other business. They occupy a position of unique social responsibility - and their total inability or unwillingness to acknowledge this is what has led to the current meltdown.

[AlexKP]

grumbledoak said:

So, the BBC telling us how the banks are all bds. What a shock.

Well, I think they are just reporting the news in this instance... Which is what they are supposed to do. You can't complain just because it doesn't reflect well on the banks.

[AlexKP]

FarleyRusk said:

anonymous said:

[redacted]

Did you actually read the article before starting this especially pointless rant?
Excess charges apply to unauthorised overdrafts. Sounds fair to me. If you don't want to get stung don't borrow money without the lender's permission. Quite easy really

Yes I did read it, and I posed a provocative question.

Poor form to jump in with an immediate insult. Maybe grow up a bit and debate with civility? Just a suggestion.