Re: Continued Cuts
"They could fix this by charging customers for their banking, but free banking is a sacred cow in this country"
While I get that it's a seeming sacred cow, it's absolutely not the case that banking is "free" in this country. You are giving an institution all of your money to look after for you. Combined with everyone else's money, they invest that and earn a shit load.
And when you borrow from then, you pay back a staggering amount in return - and if you don't, your financial life is ruined.
It may look free from the outside, but you are giving them a heck of a lot of value instead.
Biting the hand that feeds IT
