Archive for October, 2008
The Devious Banker
There is a lot of confusion as to how banking works and how it got us to where we are today. The secret is that banks deal with imaginary money which is all fine when people are happy to leave the banks to get on with it but when everyone decides they want to see [...]
Bank Charges And The Greedy Bankers
The Banking industry is in court again, this time appealling against a judgement given when the OFT went to court and claimed that bank charges were unfair and that the OFT should be able to decide on what a fair charge would be.
The QC for the banks claimed that the charges provided a significant part [...]
Pushing Back The Banks – Banks Should Be Boring
It is very hard to understand how the banks could have got themselves in such a dreadful position that without goverment support they would have struggled to survive and possibly collapsed. They have their hand in everything we do and take a commission almost everywhere that money changes hands. It is a recipe for getting [...]
