The Bank
December 23, 2008 – 10:02 am | by admin
Bank..the purpose of its creation in the early days is to put your money safely, as far as I know. From time to time when bank seeing money being put into their safe will soon go out as that is not bank money, they think how to make use of it. By using the people money to invest in many things and get billion of billion of money. Bankers got rich easily without using their own capital, using only hundred of people savings account. I think they got more than what they give us in yearly interest, maybe triple the amount. Maybe they got billion of dollars, but we get the 3% interest at our saving account. We don’t know exactly what their return of investment as our proposed is only for saving not to invest.
But people don’t really think about it as they just want put the money in the bank. They also will be afraid if they know that their money is being used for high risk investment because of the risk of loosing it. Unless you put your money maybe in Forex or fixed deposit that you must really want to know the return. Since generally we don’t think about what banks do with our money, it is not an issue if bank is doing big profit out of it. What really unfair now is how bank charge the customer with many fees even for the slightest one. This is a new way of bank making extra money.
They will charge you of everything from the postage fees than amounting $0.50 cent,photocopy, late reply fee, recurring chargers, penalty and stamping for agreement. They can make a TV commercial that cost million but charge people for 0.50 cent. Do they forget they also making millions from our savings? What will happen if all of us cash out our savings from the bank? In the U.S, bank get a bail out from government. They got bail easily because of they are large bank entity that hold people money. But if a person got broke, you will sent to jail by the bank..hah!
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