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Layton: banks gouging Canadians

100 replies [Last post]

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Michelle
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Joined: May 10 2001
Whereas I'm Investment Masochus Minimus. [img]wink.gif" border="0[/img] (I've stopped my RRSP contributions for a little while so I can try to pay down my student loans more quickly.)

Fidel
Online
Joined: Apr 29 2004
Don't trip over that ego, Heywood. Isn't it port wine hour at the Peninsula Club ?. [img]biggrin.gif" border="0[/img]

[ 31 January 2007: Message edited by: Fidel ]


remind
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Joined: Jun 25 2004
quote:Originally posted by HeywoodFloyd:
My bank does but because I plan around them I don't pay them unless I chose to.

Well, good for you heywood, now add a few kids as a single parent struggling at a min wage job taking transit everywhere, or other circumstances like lack of education, lack of funds to get ID to get a bank account, lack of an address, and think about it.

It is so nice to speak from a position of priviledge eh?!


HeywoodFloyd
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Joined: Jun 26 2003
That may not be the best plan Michelle

http://tinyurl.com/2hsqzl


HeywoodFloyd
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Joined: Jun 26 2003
Well Remind if one has all those problems then bank fees (which is what we're talking about) are the least of her problems.

remind
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Joined: Jun 25 2004
quote:Originally posted by HeywoodFloyd:
Well Remind if one has all those problems then bank fees (which is what we're talking about) are the least of her problems.

Where do you start then Heywood? Or do you just do nothing because there is too much to do to help them? Because it sounds like that is what you are advocating.

This measure could mean 100's of dollars in savings to low income earners, and mid-income earners, and why do you feel the banks should make obscene profits off of depositers?

Jack should also be bringing up the CPC's income sharing plans and how it penalizes single parents, widowers, or elderly single people.


HeywoodFloyd
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Joined: Jun 26 2003
quote: Jack should also be bringing up the CPC's income sharing plans and how it penalizes single parents, widowers, or elderly single people.

Speaking of where to start....

quote:Where do you start then Heywood? Or do you just do nothing because there is too much to do to help them? Because it sounds like that is what you are advocating.

This measure could mean 100's of dollars in savings to low income earners, and mid-income earners, and why do you feel the banks should make obscene profits off of depositers

The banks make the profits of their customers, rich or poor. In the case that we're discussing, the customers voluntarily pay them, every time. It's no different than paying the sin taxes on smokes or dropping $1.50 in the slots.


Fidel
Online
Joined: Apr 29 2004
Finance Minister Jimmy Flaherty says the practice by some banks in some countries is not to charge peeps for withdrawing their own money through automated teller machines. I guess they realize they're already saving a shitload of money by killing so many teller jobs.

500_Apples
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Joined: Jun 3 2006
Probably there's either more competition or they generate the profits through other means such as higher mortage rates, management expense ratios or interest rates on loans.

jrose
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Joined: Oct 24 2006
Long post...

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