Are banks into punishment as well as profit? There are fees, there are profits. And there is punishment. Just as Australian governments are addicted to cream-offs from poker machines with detrimental affects to budgets, so banks have become addicted to the cream-offs in fees, charges, and penalties and their substantial contribution to the banks' bottom-lines. Crime and punishment? The banks want to punish you, dear Consumer, for your sins of late payment. Is what they are charging a crime?
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Sunday, September 23, 2007
Banks: penal institutions?
Are banks into punishment as well as profit? There are fees, there are profits. And there is punishment. Just as Australian governments are addicted to cream-offs from poker machines with detrimental affects to budgets, so banks have become addicted to the cream-offs in fees, charges, and penalties and their substantial contribution to the banks' bottom-lines. Crime and punishment? The banks want to punish you, dear Consumer, for your sins of late payment. Is what they are charging a crime?
