The mis-selling is the third case of serious malpractice at the UK's banks
When, oh when, are we going to learn...???
People are still claiming for the PPI that was mis-sold by the banks. (see thread linked below)
But it's the words 'serious malpractice' that keep on rising up from the scam that is the banking system.
Just the other day, Barclays was fined £290 million GBP (see linked thread below) for its efforts in trying to manipulate the system.
IMO. the banks are behind the cause of the global recession.. but there is a reason as to why they are doing it.
I feel it may be because somebody who has a very close friendship with the banks wants all the little businesses out of business so that all we are
left with is the big boys, the big corporations running everything. The banks/corps don't want the man on the street to have his own little empire,
they want all the money in one pot where it is easier to keep track of and costs the banks less in having to process all the transactions.
They were saying on the news this morning that many small businesses had to shut down due to the mis-sold product the banks offered. They say in the
BBC news report that business' would be compensated.. but what about those who collapsed completely? They've not been that clear on that yet.
Something is very worng and very rotten at the core of the banking system.
Notice the same name banks.. Barclays, RBS and Lloyds.. these are under investigation for the manipulation of the market.
RBS was involved in the big computer crash the other week too..(see linked thread)
Just what is going on with the banks? Why are we not putting a stop to their serious malpractice?
Lloyds said that it had not sold these types of products widely, and therefore was not expecting the costs of redress to be substantial.
So what??? You've made a mistake, you've sold something you should not have.. read the comment "serious malpractice"..don't you get it??
many were told that without signing up they risked being refused credit.
Threatening behaviour in my mind.. down right out of order..
Please let's lock these criminals up..
(visit the link for the full news article)