Open Association of Landscape Industries
How are the banks going to be able to fix their reputations?
It seems that just when you think that there is nothing further left in the woodwork another grubby practice drops out onto the floor in front of us.
I do not like the banks, they do not seem to be there to help their customers but to help themselves to unreasonable amounts of their customers money and to give very little in return.
Probably the rigging of the LIBOR rate is one of the nastiest abuses and if it was done on a cartel basis, with other banks involved, the charges levied on their customers would seem even more unreasonable.
Having said that, "I don't like the banks", I realise that we need them or something like the institution, how do you think the banks can put their house in order?
Replies to This Discussion
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Permalink Reply by John on -
I think it would better if the government lent directly at a very low
interest rate to those businesses that it deemed to be productive, as the
welfare of the country through increased tax revenues would well outstrip the
gains from the bank tax revenues, especially after the bailouts of billions to the
possible national crooks.
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PRO MemberPermalink Reply by David Cox on -
Well here's one for you all - Building societies... Ive found them on the whole to be supportive and helpful for all my personal needs, and as a slight tangent with business (Lending money personaly for business purposes as they couldnt lend to businesses in the amount I wanted) - They have also avoided the shit storm of the banking crisis by not being involved in the casino banking of derivatives etc (although so many FORMER B societies turned banks did!).
Credit Unions also exist, infact LJN could form one.... their that simple to do and are poping up everywhere ..... bit by bit the people will learn they CAN vote with their wallets and taker the money out of the system...
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Permalink Reply by Fenlandphil on -
Good points David, although the building society I use has declined in many ways over the years and as it has become larger, seems to have lost its' way, forgetting that its' members own the society.I like the credit union idea.
David Cox said:Well here's one for you all - Building societies... Ive found them on the whole to be supportive and helpful for all my personal needs, and as a slight tangent with business (Lending money personaly for business purposes as they couldnt lend to businesses in the amount I wanted) - They have also avoided the shit storm of the banking crisis by not being involved in the casino banking of derivatives etc (although so many FORMER B societies turned banks did!).
Credit Unions also exist, infact LJN could form one.... their that simple to do and are poping up everywhere ..... bit by bit the people will learn they CAN vote with their wallets and taker the money out of the system...
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PRO MemberPermalink Reply by David Cox on -
Well Skipton Building society's staff were excellent with me, explaining that they could not help my business directly but they could lend to ME as a person, and helped structure that assistance in a way which allowed me to make a directors loan to my business... I can not say for any others though.
Credit unions - Why not a Gardeners Credit Union? I think it would work... we all understand how support can be vital in our industry when suprises hit us....
Fenlandphil said:
Good points David, although the building society I use has declined in many ways over the years and as it has become larger, seems to have lost its' way, forgetting that its' members own the society.I like the credit union idea.
David Cox said:Well here's one for you all - Building societies... Ive found them on the whole to be supportive and helpful for all my personal needs, and as a slight tangent with business (Lending money personaly for business purposes as they couldnt lend to businesses in the amount I wanted) - They have also avoided the shit storm of the banking crisis by not being involved in the casino banking of derivatives etc (although so many FORMER B societies turned banks did!).
Credit Unions also exist, infact LJN could form one.... their that simple to do and are poping up everywhere ..... bit by bit the people will learn they CAN vote with their wallets and taker the money out of the system...
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Permalink Reply by Fenlandphil on
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I am with the Nationwide and whilst the local staff are absolutely brilliant, (when my dear old mum was dying in hospital they doubled my overdraft facility over the phone, which was handy as I didn't want to leave the hospital), the organisation itself is not very good.
David Cox said:Well Skipton Building society's staff were excellent with me, explaining that they could not help my business directly but they could lend to ME as a person, and helped structure that assistance in a way which allowed me to make a directors loan to my business... I can not say for any others though.
Credit unions - Why not a Gardeners Credit Union? I think it would work... we all understand how support can be vital in our industry when suprises hit us....
Fenlandphil said:
Good points David, although the building society I use has declined in many ways over the years and as it has become larger, seems to have lost its' way, forgetting that its' members own the society.I like the credit union idea.
David Cox said:Well here's one for you all - Building societies... Ive found them on the whole to be supportive and helpful for all my personal needs, and as a slight tangent with business (Lending money personaly for business purposes as they couldnt lend to businesses in the amount I wanted) - They have also avoided the shit storm of the banking crisis by not being involved in the casino banking of derivatives etc (although so many FORMER B societies turned banks did!).
Credit Unions also exist, infact LJN could form one.... their that simple to do and are poping up everywhere ..... bit by bit the people will learn they CAN vote with their wallets and taker the money out of the system...
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Permalink Reply by Fenlandphil on
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A mate of mine is an ex bank manager, he said I could see all this lot coming and am glad I am out of it. He is a decent bloke and hated being coerced into doing things that were far from decent.
Duncan said:Shylock? Reputation? lol? What reputation?! Shoot them, that'll do it.
Watch the morons of the world play right into their hands over the next couple of decades also, the morons will be manipulated into demanding a one-world bank eventually, the 'eurobank' is well under way right now. Exactly what they want, but it'll be 'our' idea not theirs, just watch.
Credit unions (correct Mr Cox!) and localised sustainable economies are the only way forward, at least for the people of this world, won't happen though, people are to stupid. ''Yeah! I'll take a half million dollars in self certified mortgage and credit cards on a wage of $20K/annum, what do you mean silly idea?'' The morons will do whatever they are told is a good idea, why ever the local bank manager was ever looked upon as a pillar of the community is beyond me, it really is.
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PRO MemberPermalink Reply by David Cox on -
Well I think Phil should form the Landscape Juice Credit Union - Id move all my banking in an instant - I wouldnty mind paying the charges If I knew there would be understanding when I need a new Mower Mid season and need to borrow £1000.... rather than the "mowers dont cost £1000" I got from someone at a big bank owned by RBS *ahem* or the "sorry we cant lend to you" from all the others.
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PRO MemberPermalink Reply by Ian @ Red Barrow East Sussex on -
Self-regulation was always a pipe dream; leaving commercial bankers unsupervised to play at being investment casino bankers with all that computer-generated virtual money?? No wonder the snouts went ever deeper into the imaginary trough.
For the Commercial banks to ever fix their poor reputation would IMO need a return to tighter regulation, and an enforced end to speculating, a kind of Glass-Steagall Act II.
Here's a novel idea, Banks should lend money to businesses and house owners with the money deposited by their savers. There's still not a bad old margin in it for them.
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Premium SupplierPermalink Reply by Steve London Stone on -
Yesterday Marcus Agius, the chairman of Barclays resigns.
Today Bob Diamond, the chief executive resigns
Today Marcus Agius un-resigned to over see the search for a successor to Bob Diamond
What a farcical situation. I think its about time some of these bankers were jailed. Thay are complicit in defrauding to the tune of hundreds of millions of pounds. I hear there is going to be a public enquiry. What do these enquiries achieve? They drag out for years and cost the tax payer massive sums of money. Anyone involved in this should be put in front of a court of law
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