Are Banks the real terrorists we should be fighting?

Question

4 major banks in Canada all reporting profits of billions per quarter.

Withdrawl from another branch's ABM 1.25 - yet they can give me a bank balance proving to me at least they all use the same computer mainframe . Then it's anther 1.25 at your bank

Service charges fee's ridiculously low interest rates the list goes on and on.

Personally I think the bank that resides 50 meters down the street is a bigger threat to me than any other orginisation - and I do not have much of a choice but to use them and suck it up. If there is a worse org it is the insurance company but I see them as all the same gang of merry thieves .

What do you think - should we spend more time examining the bank than other world wide groups? I do.

Answer 1

I work at a bank and I totally agree with you
I mean its ridiculous the amount we charge for everything. The worst part is that the rich people get away with charges, and the poor people have to pay them. Why are we punishing those who dont have money and giving more money to people who do. Its a total scam. I mean I know I work for them, but I only do cause the monies decent,

Answer 2

Well, you're on the right track anyway. It's not just the banks we need to start fighting against. Capitalism, when done responsibly and with the proper controls on it, is fine. It's run away corporate greed, and "profits uber alles" that are a threat to everyone. For those super-capitalist out there, tell me what would stop a company from imposing a 16 hour work day for 2 dollars an hour if not for regulation? Think those corporations wouldn't do it? Go look in Asia and Central America right now for your answers. After all, capitalism means your company is out to make money, not re-invest it into the workforce. Tell me why that is so much better than socialism?

Answer 3

If you divide the billions in earnings or profits by the number of shares and shareholders you find that your perspective changes and you realize that the earning and profits are really quite reasonable.

Fees are how banks make money. Complaining about them usually comes from people who are not careful about overdrawing money from their accounts and who are passing bad checks. Their complaints are of not much importance.

If you want to fear successful companies, does that mean that you can only trust failed companies that are going bankrupt?

You need to take a course in economics and get a better understanding of how the business world works. If you don't you are going to continue to embarass yourself among intelligent people.

Answer 4

Yes

Answer 5

I think you misunderstand the concept of capitalism.

Answer 6

i do think so because they charge more interest then any other one