theological link is at the level of justice and fairness to the young.
Recently in an editorial (1) Andre Pratte La Presse, was about the bank fees for using ATMs. How this individual told us that the government should not intervene startled me. I allowed myself to send him an email but I doubt it makes the one or publish it so I repeated myself here:
Pratte, you seem to consider banks as a common industry, a company that struggles among its competitors and trying to wriggle out of the game
arch is not true. You can not compare a bank with a manufacturer of boots bought his basic materials, manufactures boots, calculates how much it costs him and sell them with a reasonable profile.
banks lend us our money, it's a great privilege and many economists believe that a banking system should be an affair of state that would benefit all.
From the beginning of Confederation it was decided that banks would be in the private but at the same time they inherited great responsibilities.
You encrypt the amount of net interest income to 34 billion: A major portion of that amount comes naturally the increase in the money: banks lend money anyway back into the banking system, because money is constantly 98% in banking and in walks transfer transfer, and the relending and over again.
banks lend us our money, it's a great privilege and many economists believe that a banking system should be an affair of state that would benefit all.
From the beginning of Confederation it was decided that banks would be in the private but at the same time they inherited great responsibilities.
You encrypt the amount of net interest income to 34 billion: A major portion of that amount comes naturally the increase in the money: banks lend money anyway back into the banking system, because money is constantly 98% in banking and in walks transfer transfer, and the relending and over again.
How many times a bank can lend it money in your savings account?
I remember my economics professor showing us that when the economy is doing well, a small two miles dollards in a savings account may earn more than eight miles dollards interest in a very short time. Two or three years.
I remember my economics professor showing us that when the economy is doing well, a small two miles dollards in a savings account may earn more than eight miles dollards interest in a very short time. Two or three years.
We have a very efficient banking system. As soon as the money comes out of a bank deposit it back into the merchant who pays his supplier. So on but the money remains in the banking system and the latter relending recursively. This is how banks make their money.
Banks make a lot of money, spends a lot and give back much to their shareholders but they seem to show a particular aversion to the less well off and they are bent on stripping them.
Banks make a lot of money, spends a lot and give back much to their shareholders but they seem to show a particular aversion to the less well off and they are bent on stripping them.
Why they stubbornly on the poorest and spoil it its richest customers? To have them as a customer and obviously to get rid of default of paying less, they plundered their pockets shamelessly.
There is a big competition between the various chartered banks. The idea is to have the customers the richest optenir home to the capital to lend more and as much as possible to have the least poor to serve.
ATMs did save a lot of money to banks, they try to sell us the opposite. Banks are very glad to get rid of thousands of jobs a cashier at $ 22.50 per hour or less to create "real jobs" to $ 100,000.00 or more per year. A score of small odd jobs disappear and creates a beautiful job. Paying charges. Social Responsibility: zero.
ATMs did save a lot of money to banks, they try to sell us the opposite. Banks are very glad to get rid of thousands of jobs a cashier at $ 22.50 per hour or less to create "real jobs" to $ 100,000.00 or more per year. A score of small odd jobs disappear and creates a beautiful job. Paying charges. Social Responsibility: zero.
banks do not belong entirely to shareholders, it is a powerful lever for prosperity. When our banks pay fines staggering outside the country for acts not too too they are Catholics which are allowed, but all the locals who are losing money. (2)
It is time the government hands over the banks in their place, their leaders have forgotten the responsibilities that come with privilege. These Sirs finance to grease the pockets but blithely forget, more and more, where that money comes here.
It is time the government hands over the banks in their place, their leaders have forgotten the responsibilities that come with privilege. These Sirs finance to grease the pockets but blithely forget, more and more, where that money comes here.
1-André Pratte, La Presse, Sunday, March 11, 2007 p. A12.
2 - TD Bank and CIBC
0 comments:
Post a Comment