Quote:
Originally Posted by Locke
My Intern's mother works for a bank. The things he saw run through my office from Banks that he then went home and told her about....it'd make your blood run cold.
I genuinely fear for the future of our finances as people trust banks more and more as they get worse and worse.
One day...I shall write about..."The Galactic Saga of...Attempting to Cash a Cheque!"
Which is probably the closest I've ever come to genuinely wanting to burn a Bank to the ground.
|
Oh it was good times, the tied selling but not tied selling was fun. Especially to long and loyal clients of the bank.
CLients coming in with every product we have. They want a mortgage oh well yeah we can only match the other bank if you take this credit card otherwise its this other higher rate, while you offer the lower rate to someone off the street.
It will be hilarious when CRM3 comes out and people start asking about fees and rates of return. No one I saw was actually going through fund facts properly or even understood it, or that the rate of return had the MER built in.
These are the companies protected heavily by the government and allowed to rake in billion upon billions in record profits and must charge more for account fees.