tag:blogger.com,1999:blog-4527523026218076910.post1263042781751818679..comments2023-03-31T13:13:21.109+01:00Comments on The Anglesey Telegraph: Time to hold the finance industry to account.Rhys Williamshttp://www.blogger.com/profile/01063335760224613528noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4527523026218076910.post-2329883802910852942012-07-09T00:33:10.220+01:002012-07-09T00:33:10.220+01:00Most of us wanted to believe in fairytales and tho...Most of us wanted to believe in fairytales and those few who were not so gullible had the last laugh. The Masters of the Universe will do their best to hang on to the dosh and their power - plus ca change.mairede thomasnoreply@blogger.comtag:blogger.com,1999:blog-4527523026218076910.post-55602012495765599472012-07-01T22:25:15.670+01:002012-07-01T22:25:15.670+01:00What utter rubbish, kp.
These folks have got form...What utter rubbish, kp.<br /><br />These folks have got form, and anyone with a clue can see it. <br /><br />Have a listen to this week's BBC R4 Moneybox coverage of "interest rate swap" mis-selling. When a small business takes out a loan, the banksters offer to protect the punter from changes in interest rates, by selling them "interest rate change protection" which was about as useful and about as well explained as the "payment protection insurance" which has cost bank customers (but not banksters) hundreds of millions of pounds of compensation. <br /><br />And before there was PPI, there were "endowment mortgages". Did you ever try asking a mortgage provider for a yes or no answer to the question "is the endowment guaranteed to be big enough to repay the mortgage". I did, but as they refused to answer honestly, I chose a repayment mortgage with a different provider instead.<br /><br />If I'd taken the endowment, the contract would have told me in the small print on page 37 (honest) that half the first five years repayments are not used to repay the loan, they go direct to commission for the seller of the endowment.<br /><br />Scum.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4527523026218076910.post-45661887398358975562012-06-30T23:45:57.619+01:002012-06-30T23:45:57.619+01:00Twit.
If you are daft enough to get conned you de...Twit.<br /><br />If you are daft enough to get conned you deserve to get conned. Simple!kphttps://www.blogger.com/profile/03313438657508449613noreply@blogger.com