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The MSE Bank PLC By The People and For The People

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Comments

  • Done
    Done Posts: 97 Forumite
    Tenth Anniversary 10 Posts Combo Breaker
    zppp wrote: »
    Also, it is all high and mighty to suggest starting a bank

    You need to start somewhere, how many users has MSE? Perhaps we could could harness a bigger bank or a gov owned bank and get it to work for us on our terms.
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Done wrote: »
    You need to start somewhere, how many users has MSE? Perhaps we could could harness a bigger bank or a gov owned bank and get it to work for us on our terms.

    That would never happen.

    Those who hang out in Debt Free Wannabe board, would want to get rid of all bank charges.

    Savings board users want high interest.

    Mortgage board want cheap mortgages.

    Can't have it all ;)
  • Derivative
    Derivative Posts: 1,698 Forumite
    Well, the Savings and Investments board would probably want to milk the CC and Loan boards for all their worth.

    The whole idea of an 'ethical' bank is just nonsensical. It really is. The industry relies on taking advantage of people in tough situations/less financial education.
    Said Aristippus, “If you would learn to be subservient to the king you would not have to live on lentils.”
    Said Diogenes, “Learn to live on lentils and you will not have to be subservient to the king.”[FONT=Verdana, Arial, Helvetica][/FONT]
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