Quote:
Originally Posted by Ignitionnet
Except customers will be paying the fines, not banks.
People have committed fraud and the evidence proves it. They should be going to prison.
The coalition have utterly failed to fix the issues for much the same reasons as Labour did - they like the money too much.
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Yes, this is quite the thing.
The banks are paying fines with money we gifted them to bail them out. It's ironic that people can't see this.
Ultimately we are paying the fines and those in the financial sector culpable for fraud and financial skulduggery get off scot free.
You'd need to be pretty stupid not to see it for what it is. I mean what other industry could get away with admitting they conned people and set aside a sum of money, which they themselves determine, to pay back?
On that matter. If PPI was an insurance scam (which it certainly seems to have been) how come it's the banks who are paying back the money and not the insurance companies who supposedly were paid it?