We need to send a message to the banking systems of the world!!?

Question

A petition should be made up due to their practices, The money a bank has, minus interest, is ours!

Here is a question I posted, and the answers seem too agree w/ me.

http://answers.yahoo.com/question/index?qid=20061016053147AAPjTXO&r=w

(Cut and paste if this isn't a link)

I know of petitions online, but who do the various banks report to...I would assum the FDIC.

Answer 1

Credit cards not really banks are the bane of the world. Some cards will charge a user up to 28% interest if the balance is not paid off within the month. So you end up paying off the interest instead of paying off the debt. That's loan sharking.

Answer 2

The problem with the banking system is that it creates money and devalues the dollar. Banks can loan out more money than they have. When they receive interest, they are often making a profit on money that never existed in the first place. Then they have more money than before, and can now loan out more money that only exists on some computer. How banks can charge you to hold your money, while profiting on it at the same time is frustrating to say the least. When you take into consideration that many loans given to companies that don't need the money (ones that are just trying to have more free capital), can deduct the interest as a business expense, then you have tax payers making their own hard-earned dollar worth less and less. Nice, huh?

Answer 3

What the banks do is a pain. Because of this, I switch to President Choice Financial which is run by CIBC.

They don't charge you anything.

The only time you get charged for something is if you withdraw money through an ABM or the machine of another financial institution.

Any direct deposit is always fully available, and any deposit I make myself, I have access to $200 of it right away.

I don't even have any monthly charges, it's great! Every single penny I make is mine.

Answer 4

take your money out