Supreme Court rule in banks’ favour.. decision bought?
Posted by: Brian // Category: Life, Rants
- Image via Wikipedia
I’ve been watching the bank charges test case with more than a passing interest. Probably because I have a claim in against my bank for some £3k of charges. So I was looking forward to this morning’s Supreme Court decision where, like many, I had high hopes of the Supreme Court upholding the verdicts of TWO courts’ previous rulings.
Well, guess what? They didn’t… they found in the banks’ favour.
This is a disgraceful decision by the Supreme Court and clearly a political one made for economic reasons rather than on a point of law that has been passed by two previous court rulings.
Put simply, the Supreme Court has bought into banks’ spin and scaremongering.
Quite how their decison differs so radically from not one, but two courts beggars belief. Banks can now name their price for fees charged – utterly outrageous! I don’t even have a current account – my account is a basic one so it’s impossible for me to go overdrawn without the bank physically doing so themselves. £39 for returning a direct debit? Don’t make me laugh…
Their greed over the years has contributed a large part to so many people falling into debt with their punitive charges, and the whole thing stinks! I wonder how many of the Lords who sat on the appeal court are shareholders in the major banks and are protecting their share dividends?
Rotten, absolutely rotten… the Supreme Court – and the government which allowed it all to happen – should hang their heads in shame!
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=455a85ea-8c9d-4f4e-bc4f-ff19908189b3)

![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=0568a215-def0-4b7b-8c93-0c3f93f67129)

