Year 2002 - We said then that the banks are cheating one in four!

As Founder Member, with colleague Andy Belton of an organization called the National Association Of Bank Monitors (the acronym spells N.A.B.M or NABM or even Nab Them!) I told the world back in 2002 that the banks were cheating one in four customers. Andy Belton was responsible for the Interest checking software called Intcheck that proved it.

I called a Public Meeting in Cowley, Oxford that was attended by the Press and Television and listened to the scandals of how the banks were treating their customers, but way back then the banks were deemed untouchable.

From this exposure and the software developed by Andy many small businesses popped up, where often ex-bank managers were now using our software to check what the banks were doing to us. It was a great success, and many people, businesses were refunded the ill-gotten gains of the banks. In one case locally more than £50,000 was repaid to just one company!

I met with many top bank managers who clearly were shocked at what we had revealed, but somehow it has taken 10 more years for the FSA to wake up and finally hit the banks where it hurts them most, but why should they be allowed to get away with it? Any 'middle of the road' crook would be hauled before the Courts and promptly dealt with, possibly getting a custodial sentence for cheating the Revenue for example. In this case the banks have cheated us all!

When the televison BBC Newsroom South East (as it was known then) journalists covered the story with me, the introduction was an opening head and shoulders shot of me saying that "all bank managers should have the name Dick Turpin on their office doors, because what they are doing to us all is tantamount to highway robbery".

Now the banks have been found guilty of fixing the Libor rate in order to benefit from interest rates that the man in the street generally knows nothing about, yet it affects every one of us when we attempt to get a mortgage, buy a car etc.These greedy bankers have been making £trillions profit worldwide, and it's not as if they don't get a decent wage is it?

I make no excuse for saying it again, these cheating bankers must be brought to book over this, they must face the Courts as any other and when found guilty, because there is no other possible result, they must be punished accordingly. I suggest they have their homes and property confiscated just as any other criminal would.

What do you say members, doesn't it make your blood boil to think you lost your home because the banks wouldn't help, or your business, just because they put profit before truth and care!

I say bring back the Birch and give them a public flogging, and then take their property!

What say you members?

Banks remind me of the boss I had briefly..he said to me one day.. take care of this for me...I said that's your job isn't it..your suppose to have more education then I have to run the company...he said...Yes, but you have worked here longer then I have, you "know" the business, so you do it...besides...I'm your boss....I can make you do it. I put in my resignation...I was already doing 2 jobs as it was..one at work.....the paper at home.... for lack of time at work. 

If banks would lower their interest rates they would get farther then they currently are..people and henceforth countty's as an whole would become solvent again...reflecting that upon bsnks also. Their refusual to do this shows thier pettiness in the world of economic hardship times. ...businesses can deduct many things an individual can't...  and yet they make huge profits...or don't stay in business...and it has ALWAYS been that way.for the most part, giving the public an true "service" has always kept them in business. As far as I can see locally...Obama helping the bankers resulted into an new "Chase Bank" locally....while busines locally have been closing constantly.  I have all but thrown away my Pier One Import Card because they switched to an company on thier credit card that upped an all ready to high interest rate.  High interest rates are only for those that can deduct them in some way..something the average income earner has no access to do..as they have for the most part limited incomes....beyond most busineses. Without the banks helping us get out and pay off their credit cards..it's weaking our country in several ways...but one of the biggest is the lack to have money to get involved in making more money and creating more business in general. The communist saw what happened when they forced thier people to do all the work and get no "gain" from it. It broke them as an country...our bankers are doing this world wide right now. Until this is resolved...we can't progress. We can never get ahead inour bills to do so. Raising our "fixed" monthly costs crushes us also in helping ourselves....I talk about food, insurances, utilities, health care.....housing was only one of the probelms...bu they have put in another whole housing project since the housing problem began.

Abundance in society is something that is done from "within" the monetary society.... as an whole itself to it's people. As I was told in my better busiess classes...money is an constant flo in to out..it gets messed up..... when it not balanced properly.