Tax Payer and Bank Charges

setmefree

Now that Tax Payers money have been used to bail out the Banks should all Bank Charges be Revoked

KenC_3

I suspect it wil be exactly the opposite. Without being able to earn money in the markets where they have been doing so banks are likely to look to other means of raking it in and that means more charges for us all.

Although, as a majority owner in some cases, that should be good news for taxpayers.

Paul_Herring

Um, (to go back to a long argued point) why should those who keep their accounts in order be penalised for those who can't?

And why are you proposing retrospective refunds? Your post suggests that because 'banks are now under government control' (they aren't) the government (i.e. the tax payer) should be paying for past misdemenours (yet to be tested in a court of law.)

Either sort your financial life out so you don't keep going unauthorised overdrawn, or stop moaning that you keep getting charged when you do.

setmefree

Paul_Herring wrote: »

Um, (to go back to a long argued point) why should those who keep their accounts in order be penalised for those who can't?

And why are you proposing retrospective refunds? Your post suggests that because 'banks are now under government control' (they aren't) the government (i.e. the tax payer) should be paying for past misdemenours (yet to be tested in a court of law.)

Either sort your financial life out so you don't keep going unauthorised overdrawn, or stop moaning that you keep getting charged when you do.

Hang on a minute,firstly l havent had charges in the last three years so that's your theory just gone out of the window,and secondly in my opinion Bank charges should be stopped now because if the OFT win the test case its the Tax Payer who will foot the bill.
As for your remark get my financial life sorted out,perhaps you would like to relay that message to the Banks who have had Billions of Tax Payers money so far this year.;)

bristolleedsfan

setmefree wrote: »

Now that Tax Payers money have been used to bail out the Banks should all Bank Charges be Revoked

I agree with Mr Herring, in any event shouldnt the poll ( if their was any point of such a poll) have been posted in.

http://forums.moneysavingexpert.com/forumdisplay.html?f=20

evenasus

setmefree wrote: »

Now that Tax Payers money have been used to bail out the Banks should all Bank Charges be Revoked

Wouldn't this open the floodgates for the irresponsible to go overdrawn?

Isn't part of the problems we're having now, caused by people who borrowed way above what they could really afford.

Pop over to the Debt Board and see some of the SOA posted, by people who have spent tens of thousands of £'s over several credit cards.:eek:

6022tivo

What a stupid poll.

MariaTom

Congress is moving rapidly to enact a gigantic taxpayer bailout of the financial sector, with a potential cost of $700 billion or more than $2000 per American citizen
We believe, , that "Sunlight is the best of disinfectants," and that all legislation ought to be open to public comment and consideration in real-time, not just after the fact.

Reaper

I see no connection. Either the bank charges are illegal or they are not. If they are illegal they should be refunded. If it's decided they are fair then they keep them.

Forcing them to pay when they don't have to is as much an abuse of position as the banks imposing the charges in the first place.

evenasus

MariaTom wrote: »

Congress is moving rapidly to enact a gigantic taxpayer bailout of the financial sector, with a potential cost of $700 billion or more than $2000 per American citizen
We believe, , that "Sunlight is the best of disinfectants," and that all legislation ought to be open to public comment and consideration in real-time, not just after the fact.

earlgrey_3

setmefree wrote: »

Now that Tax Payers money have been used to bail out the Banks should all Bank Charges be Revoked

Weren't you the obsessive character who was so delighted that HBOS had problems? Well now they're expected to be taken over by LloydsTSB just as foreign-owned Santander has taken over other smaller British banks.

Do you seriously expect bigger banks and less competition to result in better deals for consumers? Perhaps you should have a rethink.