Featured Post
By No Bank On November 7, 20082 CommentsI don’t know about you, but it really annoys me to see the way our banks mess with people’s lives. Here we are faced with an uncertain financial future, caused in part by the greed of incompetent bank employees who then go cap in hand to government seeking public funding to survive.
Does your bank extend the same facility to you in your time of need or have you experienced treatment that belongs to the opposite end of the scale? That’s our banks for you - they’ll happily grab as much of our hard-earned taxes as they can get their grasping hands on but don’t expect any favours, or even respectful treatment, in return.
This site is dedicated to all those people who are suffering at the hands of the greedy banks. While our main focus is on the British banking system we have to acknowledge that the United Kingdom is not the only country that has to endure these money grabbing buffoons. So wherever you are in Europe, the United States, or elsewhere, feel free to contribute to our battle against these vultures.
The site has been deliberately set up as a blog to facililitate recording of the ever-changing economic situation and, more importantly, to encourage contributions from as many visitors as possible. We want to hear about your experience with your bank - good or bad. I know my relationship with my bank has deteriorated to a point where it is about to end in less than amicable circumstances, but what about you?
Has your bank given you a hard time in recent months?
Has your bank adopted a flexible approach to your changing financial situation?
Do you have any interesting stories to pass on?
Can you offer advice or encouragement to other individuals or small business owners who may be experiencing financial difficulties with little real support from their banks?
If you have anything to say, please leave a comment. I look forward to hearing about your recent banking experiences.
Recent Posts
By No Bank On February 26, 2009
2 Comments
Royal Bank of Scotland (RBS) today announced the largest annual loss in UK corporate history.
RBS, which had to be bailed out by the UK government last year, announced that its 2008 loss totalled £24.1bn ($34.2bn). It also said it would put £325bn of toxic assets into a scheme that offers insurance for any further losses. Why do we have to constantly come to the rescue of these clowns who brazenly refuse to pass on the benefits of these rescue packages to their clients - well, have you seen any evidence of your bank easing its restrictions on your financial situation?
RBS is under fire over the pension of former boss Sir Fred Goodwin and the chancellor said the government had asked him to forego some of it. RBS is under heavy criticism after it became known that Sir Fred Goodwin, the bank’s former chief executive, is already drawing a pension of £650,000 a year, despite only being 50. Apparently this moron is legally entitled to his pension - well, change the law and take it back off him. Why should this incompetent oaf be rewarded for abject failure? He should be contemplating a lengthy stint in prison instead for his role in bringing our economy to its knees.
By No Bank On February 22, 2009
2 Comments
SL K asked:
What exactly do banks look for in the financials of a company to sanction an overdraft loan without security / collateral?
Sundar, Thanks for your answer, but i would like to know how they decide on what amount to give?
By No Bank On February 21, 2009
2 Comments
Survivor asked:
Who is going to rescue the people who already lost their home, their job, their savings and much more? Why should they further suffer to re-pay another $10,000 debt-burden incurred by such bail-out? Such greedy blind capitalism will definitely bring the US on its knees. Yes or No?
By No Bank On February 11, 2009
5 Comments
TwelveInchLando asked:
How about instead of bailing out the banks (rich greedy corrupt asses), we divide up 9 billion dollars among the people who work for a living everyday? I could sure use it to help pay my bills off. It wouldnt probably ‘bail me out’, but it sure would make life less stressful.
Seriously, if they can just make money magically appear out of thin air, why let the nations working class suffer? Help us out!
By No Bank On February 10, 2009
1 Comment
Carefree asked:
If the UK government did nationalize several British banks, what would happen to the shareholders?
If shares are not suspended, are they likely to increase or decrease?
I’m thinking they would increase….
