Greedy Banks

inspector_monkfish

Daily Express

BRITAIN’S greedy banks were accused of “blatant profiteering” yesterday as they threatened to hinder chances of continued recovery in the property market by pushing up mortgage costs.

http://www.express.co.uk/posts/view/106522/Banks-punish-house-buyers-

purch

They don't have a clue !!!

Lotus-eater

inspector_monkfish wrote: »

Daily Express...........
continued recovery in the property market

= we want house prices to rise at 10% a year again. Then everything will be OK.

bendix

To those who criticise banks for 'profiteering' the solution is very very simple. Buy bank shares and benefit from it.

We seem to have this 'them and us' mentality. Why not become one of them?

Thrugelmir

inspector_monkfish wrote: »

Daily Express

BRITAIN’S greedy banks were accused of “blatant profiteering” yesterday as they threatened to hinder chances of continued recovery in the property market by pushing up mortgage costs.

http://www.express.co.uk/posts/view/106522/Banks-punish-house-buyers-

Thought that you'd read a more upmarket paper

inspector_monkfish

Thrugelmir wrote: »

Thought that you'd read a more upmarket paper

that is upmarket for me !! :rotfl:

andygb

Mmmmm, now let me see:
Increased mortgage costs
Low rates for savers
Increased credit card charges
Increased overdraft charges
Record low Bank of England base rate
Record numbers of unemployed, and increasing
So, after bailing out the banks with billions, as a kind of government administered "laxative", why are the banks still sitting on the throne with constipation?
Could it be that they are so greedy and blind to the real World, that they are unaware of the fact, that unless they start trying, then nothing will move.
All of that bail out money should have been invested in industry and new technology, instead it was wasted on habitually greedy people, who can no longer recognise how arrogant they are.

michaels

You missed out low and falling libors and record high deposit requirements - nothing like removing 50% of the competition from a market to see margins explode. Any one remember 'Cat standard' mortgages - svr was capped at 1% over base rate to qualify!

andygb wrote: »

Mmmmm, now let me see:
Increased mortgage costs
Low rates for savers
Increased credit card charges
Increased overdraft charges
Record low Bank of England base rate
Record numbers of unemployed, and increasing
So, after bailing out the banks with billions, as a kind of government administered "laxative", why are the banks still sitting on the throne with constipation?
Could it be that they are so greedy and blind to the real World, that they are unaware of the fact, that unless they start trying, then nothing will move.
All of that bail out money should have been invested in industry and new technology, instead it was wasted on habitually greedy people, who can no longer recognise how arrogant they are.

bendix

andygb wrote: »

Mmmmm, now let me see:
Increased mortgage costs
Low rates for savers
Increased credit card charges
Increased overdraft charges
Record low Bank of England base rate
Record numbers of unemployed, and increasing
So, after bailing out the banks with billions, as a kind of government administered "laxative", why are the banks still sitting on the throne with constipation?
Could it be that they are so greedy and blind to the real World, that they are unaware of the fact, that unless they start trying, then nothing will move.
All of that bail out money should have been invested in industry and new technology, instead it was wasted on habitually greedy people, who can no longer recognise how arrogant they are.

At the risk of repeating myself, stop complaining about them and become a beneficiary of their greed. Buy shares in them and share the greed yourself.

Stop being such an angry victim, and wise up.

inspector_monkfish

greed is good

bendix

inspector_monkfish wrote: »

greed is good

Putting aside the question of whether greed is good or not (I personally find the question, pointless, because something natural can be neither good nor bad, just natural), why are the banks being greedy, and on whose behalf?

A bank is a business, pure and simple. It is designed to provide services in return for a profit. All profit is good. Big profits are very good. They are why the bank and the business exist in the first place, and such profit is sought to pay hundreds of thousands of shareholders a handsome return for their good faith investment.

Providing access to those shares is not prohibited or is closed off to us, how can that be a bad thing?

Personally, I hope banks increase rates on dodgy loans, sharply increase credit card charges, increase bank fees and do EVERYTHING within their power to increase profits and, in consequence, returns to the investors like me, which they will do so long as they don't get too far out of kilter with what their competitors are doing.

Capitalism . . . ahhhhhhh, it's a wonderful thing baby. I cant believe how young and naieve and angry I used to be when I wore a Lenin badge as a student all those years ago. I should have sold the Lenin badge, and bought a Barclays share with the proceeds.