Obscene prof­its for our big banks

The Guardian (Charlottetown) - - EDITORIAL -

Al­most ev­ery day we hear in the news of the obscene prof­its Canada’s big banks are rak­ing in, all while their ser­vices to us, the cus­tomer, di­min­ish. That’s bad enough but now we hear al­le­ga­tions of crooked deal­ings by those banks: forg­ing cus­tomers sig­na­tures and ini­tials to buy more ser­vices that the cus­tomer didn’t ask for, pres­sure sales by ter­ri­fied staff des­per­ate to keep their jobs.

Just re­cently, TD Bank an­nounced it was open­ing a call cen­tre in Monc­ton, NB. The shocker? They will re­ceive up to $9 mil­lion in fi­nan­cial as­sis­tance from the NB gov­ern­ment. As­sis­tance? They can af­ford to give the gov­ern­ment as­sis­tance. NB’s fi­nances are in ter­ri­ble shape, last year their HST went up 2% as the econ­omy fal­ters. Yet, they throw mil­lions af­ter th­ese fat cat bankers? Un­be­liev­able.

Cus­tomer: “I’d like to with­draw some money from my ac­count.”

Teller: Do you have an ap­point­ment?” Cus­tomer: “An ap­point­ment?” Teller: “Yes, ma’am.” Cus­tomer: “That’s ridicu­lous. I need to make an ap­point­ment to with­draw money from my own ac­count.”

Teller: “Yes, ma’am.” Cus­tomer: “That’s ridicu­lous. I want the see the man­ager.”

Teller: “Yes, ma’am. Do you have an ap­point­ment?”

TD Bank. We’re richer than you think.

Lloyd Kerry, Char­lot­te­town

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