Was going to write a book.
But then no traditional publishers would take it.
Then I realized, it would just feel good to expose all these scum bag banker types for what they are, and opted to write it anyway.
Slated for publication in 2-3 weeks, but here’s an sample if you want a little sneak peak or just a good story on the shenanigans going on in banking at the time.
Title please, and publisher! The excerpt is written very well.
A Canadian Credit Union had a snotty attitude when I wanted to borrow a $5,000 small loan at their 12.5% interest rate.
The invasion of privacy and the snotty attitude was too offensive for my low tolerance level.
I phoned my USA credit card bank and with no red tape at all they OKed the $5000. The interest rate was 6%.
Guess in the sub-prime world they were glad to see someone with a good credit standing.
Canadians are such sheeple to put up with the crap our banks hand out. I was a * sheeple * too, until I found out how happy the US banks were to see me.
Nothing pure about Canadian banks. There are class action lawsuits in progress against them currently underway.
Thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=M1ARTM0012880
If banks had ethics, they would not be facing class-actions.
= TG
A Canadian Credit Union had a snotty attitude when I wanted to borrow a $5,000 small loan at their 12.5% interest rate.
The invasion of privacy and the attitude was too offensive for my low tolerance level.
I phoned my USA credit card bank and with no red tape at all they OKed the $5000. The interest rate was 6%.
Guess in the sub-prime world they were glad to see someone with a good credit standing.
Canadians are such sheeple to put up with the crap our banks hand out. I was a * sheeple * too, until I found out how happy the US banks were to see me.
Nothing pure about Canadian banks. There are class action lawsuits in progress against them currently underway. Flogging *junk* paper.
reuters.com/article/pressRelease/idUS196613+12-May-2008+BW20080512
If banks had ethics, they would not be facing class-actions.
= TG
Great! would love to see it self-published!
TG:
All banks (all service providers for that matter) are the same in Canada.
I absolutely loved it back when the NDP was “demanding to know” why Canadians are charged Interac fees that aren’t assessed in the US or UK. Or when they wanted to know why Canadians pay more in RRSP administrative fees.
The answer is (as you say), “Canadians are sheep and oligopolies can easily take advantage of them for that reason.”
When Americans find out they are being fleeced, they organize and get angry.
When Canadians are being fleeced, they react by simply saying, “That sucks. There oughtta be a law. Pass me another beer.”
Some of the the banker scumbags can thank this guy to let them get away with it for so long……..
Fed Shrugged as Subprime Crisis Spread
http://www.nytimes.com/2007/12/18/business/18subprime.html?_r=1&oref=slogin
It will be titled
“Behind the Housing Crash.”
Kate will have a “press release” of sorts and I plan on advertising on SDA.
Will let you know when it’s a coming.
Excellent story. So much of the real work world existence is present on your story – contradiction between policy vs. practice, enthusiastic newbie turned into apathetic robot, a self preservation management structure – or is this depressing reality just in banking and union workplaces.
It takes real incompetence to overcome the advantage banks have of lending several times more money than they possess. And raking in the interest on money created out of thin air.
Here’s a problem for all you financial types.
There’s $100 dollars lent into the economy at 10% interest. The economy now consists of $100.
Where does the interest come from?
I love the captains website. He writes some good stuff. I look forward to reading his book.
old horse
hahahahaha
ewe ain’t the MONEY understandin type, are ya!!
there nis no such thing as “money”, money is only a representative of goods or services, and as long as there are goods and/or sevices sold it will be represented in one form or another
Gee, banks do pretty well on that non-existent money.
That excerpt is not a 4.
It is a ONE.
My favorite Cdn banking story is time the Pres of the Royal Bank of Canada went to a Sask Assoc of Rural Municipalities meeting and gave farmers crap about continually crying to govt for more help.
He said it was time for farmers to get off the taxpayers back and get their returns from the marketplace and compete in the world.
My subsequent letters to the Editors pointed out that it was ironic to hear this kind of rubbish from the president of a Cdn bank which is the MOST INSULATED AND MOST PROTECTED INDUSTRY IN CANADA.
Half of the appointed Cdn Senate was ex-bankers at one time, whose only job was to protect the banks from the people and foreign competition in Canada.
And of course the maroon apparently didn’t understand that there was the small matter of the Crooked Liberal Party state corporation (Canadian Wheat Board) and its stifling grain export monopoly that prevents western farmers from selling to and getting the best returns from that world market he was talking about.
Funny, my business relationship with the RBC was all downhill from there. heh.