Unscrupulous Banking Practices!

Ergates

Malkytheheed said:

Cant belive how many snowflakes exsist now. 
Bank are not "taking advantage" of people. They offer products. People choose whether or not to take them! Same way a drug dealer offers drugs. You chose whether or not to buy them. A road has a speed limit, you chose whether or not to obey it. You have a drink problem, you choose to go buy and neck a pint. Im not saying there shouldn't be help for people. There should be. But people cant go blaming banks and saying they are at fault because they went and spent money that not theirs with no intention of paying it back. ...now come the conseqeunces....

Make your choices in life.

Again, whilst generally true, it's certainly not always true - see the PPI scandal.
It is reasonable to expect that a driver understands what a speed limit is, and knows how to determine if they are breaching it or not (because knowing these things is a requirement to hold a driving license).  
People took out PPI, and paid for it, because the banks (and other lenders) told them they needed it.  Is it reasonable to expect a layperson to understand whether or not a particular financial product is suitable for them?  Especially when they're being given inaccurate information from the people who are meant to be the experts?

Also, and more importantly, it is possible for more than one person to be responsible for the same thing.  If I choose to buy some heroin and take it and die from an overdose, then I am responsible for that - it was my decision.  However, that doesn't mean that the drug dealer who sold it to me isn't also responsible.  He chose to sell me the heroin, knowing that it's addictive, and knowing there is a risk of overdose.  "But it was Ergates' decision to buy it" wouldn't work as a defense (especially as drug dealers will often give out free samples to get people hooked).
Similarly banks *know* that people do not always use available credit responsibly.  They can't just shrug and say "Well how was I suppose to know he'd borrow more money than he could afford to pay back?", they know what will happen because it happens *all the time*.  That doesn't absolve the person who borrowed the money from their responsibility, both parties are fully responsible for their own behavior.