Is there anything banks havn't missold?

matttye

I've never been missold anything.

melbury

matttye wrote: »

I've never been missold anything.

Me neither, think that perhaps we are missing out on the cash cow here;)

Seems like nobody is responsible for their own actions anymore.

matttye

melbury wrote: »

Me neither, think that perhaps we are missing out on the cash cow here;)

Seems like nobody is responsible for their own actions anymore.

Some are definitely genuine though.

There are some people who have been sold PPI because they were told it was mandatory, which is a blatant lie.

gadgetmind

matttye wrote: »

There are some people who have been sold PPI because they were told it was mandatory, which is a blatant lie.

I'm sure there were many of these, but I'm also sure these were taken care of very early on in the PPI refund process.

What we're now seeing coming our of the woodwork is people wanting something for nothing and who now believe the lies of the PPI "missell" industry.

A lot of people who bought PPI were those who needed it and bought it with their eyes wide open. How moral is it for them to now try and get their money back?

bigadaj

atush wrote: »

Unusual for you to add a caveat, I was going to say insurance.

But there are others. House builders, estate agents, travel agents, plastic surgeons, the list is endless.

What about the GOOD things banks sold us? Whe we bought our LT tracker for base plus .49% we thought it was a good idea potentially, Turned out, was the best idea EVER.

Yes, but that is an example of the banks' incompetence again, selling a product that costs them money.

gadgetmind

bigadaj wrote: »

Yes, but that is an example of the banks' incompetence again, selling a product that costs them money.

So, if they sell a product that makes them money, they are evil, but if they sell a product that benefits the customer, they are incompetent?

I can see that they aren't going to win this one!

matttye

gadgetmind wrote: »

I'm sure there were many of these, but I'm also sure these were taken care of very early on in the PPI refund process.

What we're now seeing coming our of the woodwork is people wanting something for nothing and who now believe the lies of the PPI "missell" industry.

A lot of people who bought PPI were those who needed it and bought it with their eyes wide open. How moral is it for them to now try and get their money back?

There were others who had automatically been opted in for the insurance and not even told about it.

Whilst I agree the whole thing has been blown out of proportion and people are 'reclaiming' when they weren't missold or even didn't have PPI, there are still a lot of genuine cases.

The companies who allegedly help people reclaim are worse than people who falsely reclaim though, IMO.

atush

matttye wrote: »

I've never been missold anything.

Nor have i that I can think of. I've bought things I should not have, but no one 'sold' them to me.

I can remember people trying to sell me PPI, warrenties and the like. I just said no. I recall going to Natwest, our bank back in the 90's for a mtg, they told me 'we only sell endowmet mtgs'. I said, 'sorry I only buy repayment mtgs' lol.

cepheus

There is nothing clumsy about my post it was very accurate, the City became very rich due to the opium trade in the 19th century. I don't believe the posters on here are not aware that the City was, and still is, major a global laundering centre, and largely immune to legal investigations. See Treasure Islands by Nicholas Shaxson who exposed all their disgusting avoidance and evasion practices.

Since that masterpiece was written the reputation of British banking has been hit harder as all four of the UK’s major banks ran into problems. RBS suffered a serious computer glitch, Barclays was caught fixing Libor, HSBC was fined for money laundering in Mexico, and a Lloyds employee admitted major fraud. This was all against a backdrop of PPI mis-selling, interest rate swap mis-selling, Standard Chartered being fined for Iranian dealings, and Spanish banks needing a bailout. It led to RBS Chief Executive Stephen Hester stating that banks had become “detached from society”.

What balance are we talking about here? Nearly every post is a corporate apologist just as I said. No I don't like the bias because I no longer feel this board is acting in the best interests of the consumer but the banking industry. The OP, and myself certainly belong here, but do you? MSE is supposed to mean that the consumer and Joe public saves money not the banks.

You are effectively blaming junkies for being stupid enough to take drugs and claiming the pushers are totally innocent. The main difference is that bankers don't go to jail. It seems to me the banks are not in the least bit sorry for what they have done. The best tonic for the industry would be for some senior bankers and traders to be paraded in handcuffs then given a long sentence.

bigfreddiel

matttye wrote: »

I've never been missold anything.

you sure i can't sell you something

i have a lightbulb - guaranteed to save you £1 per annum

and ihave many other moneysaving items -all with gateway guarantees

fj