Coutts VS Nigel Farage

This page is no longer updated, and is the old forum. For new topics visit the New HOL forum.

Coutts VS Nigel Farage

Previous Topic | Next Topic

Page 57 of 80 < 53 54 55 56 57 58 59 60 61 >

Wisbech Eagle Truro Cornwall 01 Aug 23 10.37pm
Originally posted by Hrolf The Ganger Let's cut through the crap. A bank can currently close an account if it wants to. In this example, a purple haired woman closed his account because of who he is and his politics. This you describe as a reputational risk. If banks continue to be allowed to do this, then there is no real limit on whose accounts can be closed or why they are closed. This could lead to a whole section of society having their accounts closed arbitrarily by the decision of an individual or individuals because they are considered a risk. Since bank accounts are becoming increasingly necessary in order to function in society, this would be catastrophic for the individuals concerned and all caused simply because of things such as their politics, who they associate with or any number of other behaviours that are normal in a free country. The only answer therefore is to make it a human right to have a bank account, and for anyone closing accounts on the basis described to be prosecuted. Some things are even more important than business and the right to a life without persecution, corporate or otherwise, should be one of them. Who knows what their assessment process involved. That’s for the bank alone. It’s their business not mine or yours. You can decide that the colour of hair, or anything else, matters for your business but not their’s. Whether holding a bank account should be regarded as a basic right is a totally separate issue to this. I think it probably is, and that basic accounts should be offered to all who are legally entitled to one. For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.
Alert a moderator to this post

Wisbech Eagle

Truro Cornwall 01 Aug 23 10.37pm

Originally posted by Hrolf The Ganger

Let's cut through the crap.

A bank can currently close an account if it wants to.

In this example, a purple haired woman closed his account because of who he is and his politics. This you describe as a reputational risk.

If banks continue to be allowed to do this, then there is no real limit on whose accounts can be closed or why they are closed.
This could lead to a whole section of society having their accounts closed arbitrarily by the decision of an individual or individuals because they are considered a risk.

Since bank accounts are becoming increasingly necessary in order to function in society, this would be catastrophic for the individuals concerned and all caused simply because of things such as their politics, who they associate with or any number of other behaviours that are normal in a free country.

The only answer therefore is to make it a human right to have a bank account, and for anyone closing accounts on the basis described to be prosecuted.

Some things are even more important than business and the right to a life without persecution, corporate or otherwise, should be one of them.

Who knows what their assessment process involved. That’s for the bank alone. It’s their business not mine or yours. You can decide that the colour of hair, or anything else, matters for your business but not their’s.

Whether holding a bank account should be regarded as a basic right is a totally separate issue to this. I think it probably is, and that basic accounts should be offered to all who are legally entitled to one.

For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Alert a moderator to this post

Wisbech Eagle Truro Cornwall 01 Aug 23 10.42pm
Originally posted by HKOwen There is nothing shown so far that the thousands of debanked were PEPs. Many seem to be just folk who disagreed with something like pronoun policy or similar. PEPs are just the tip of the iceberg Edited by HKOwen (01 Aug 2023 10.23pm) That’s for the banks to answer if answers are made mandatory.. They aren’t now. I suspect there are solid reasons why those. accounts are unprofitable. For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.
Alert a moderator to this post

Wisbech Eagle

Truro Cornwall 01 Aug 23 10.42pm

Originally posted by HKOwen

There is nothing shown so far that the thousands of debanked were PEPs. Many seem to be just folk who disagreed with something like pronoun policy or similar.

PEPs are just the tip of the iceberg

Edited by HKOwen (01 Aug 2023 10.23pm)

That’s for the banks to answer if answers are made mandatory.. They aren’t now.

I suspect there are solid reasons why those. accounts are unprofitable.

For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Alert a moderator to this post

Wisbech Eagle Truro Cornwall 01 Aug 23 10.44pm
Originally posted by Wisbech Eagle Kindly explain what you regard as “lefty” about bank’s operating as all business’s do. Which is to care about their bottom line. For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.
Alert a moderator to this post

Wisbech Eagle

Truro Cornwall 01 Aug 23 10.44pm

Originally posted by Wisbech Eagle

Kindly explain what you regard as “lefty” about bank’s operating as all business’s do. Which is to care about their bottom line.

For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Alert a moderator to this post

Teddy Eagle 01 Aug 23 10.46pm
Originally posted by Wisbech Eagle I suspect they would have a lawyer handle another closure and not have any internal documents at all. What's the difference?
Alert a moderator to this post

Teddy Eagle

01 Aug 23 10.46pm

Originally posted by Wisbech Eagle

I suspect they would have a lawyer handle another closure and not have any internal documents at all.

What's the difference?

Alert a moderator to this post

Stirlingsays 01 Aug 23 10.58pm
How can banks be allowed to close accounts that aren't profitable when they were bailed out along with the whole system when they weren't profitable? In the past a bank closing an account wouldn't matter as much but in the new system where cash is becoming less used a bank account is a requirement to live properly. When I look at the money being earned by management in banks I just find this argument on profits slightly ridiculous. Edited by Stirlingsays (02 Aug 2023 12.44am) 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
Alert a moderator to this post

Stirlingsays

01 Aug 23 10.58pm

How can banks be allowed to close accounts that aren't profitable when they were bailed out along with the whole system when they weren't profitable?

In the past a bank closing an account wouldn't matter as much but in the new system where cash is becoming less used a bank account is a requirement to live properly.

When I look at the money being earned by management in banks I just find this argument on profits slightly ridiculous.

Edited by Stirlingsays (02 Aug 2023 12.44am)

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

Alert a moderator to this post

HKOwen Hong Kong 01 Aug 23 11.12pm
Originally posted by Stirlingsays How can banks be allowed to close accounts that aren't profitable when they were bailed out along with the whole system when they weren't profitable? In the past a bank closing an account wouldn't matter as much but in the new system where cash is becoming less used a bank account is a requirement to live properly. When I look at the money being earned by management in banks I just find this argument slightly ridiculous. There is a parallel with Royal Mail not wanting to deliver to non profitable remoter areas. I would support a relaunch of a govt owned bank that provided services to individuals only, cards, savings accounts and basic operating functions, no mortgages , no commercial loans.Debit cards only not credit cards, make it as risk free as possible. Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.
Alert a moderator to this post

HKOwen

Hong Kong 01 Aug 23 11.12pm

Originally posted by Stirlingsays

How can banks be allowed to close accounts that aren't profitable when they were bailed out along with the whole system when they weren't profitable?

In the past a bank closing an account wouldn't matter as much but in the new system where cash is becoming less used a bank account is a requirement to live properly.

When I look at the money being earned by management in banks I just find this argument slightly ridiculous.

There is a parallel with Royal Mail not wanting to deliver to non profitable remoter areas. I would support a relaunch of a govt owned bank that provided services to individuals only, cards, savings accounts and basic operating functions, no mortgages , no commercial loans.Debit cards only not credit cards, make it as risk free as possible.

Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.

Alert a moderator to this post

Stirlingsays 02 Aug 23 12.46am
Originally posted by HKOwen There is a parallel with Royal Mail not wanting to deliver to non profitable remoter areas. I would support a relaunch of a govt owned bank that provided services to individuals only, cards, savings accounts and basic operating functions, no mortgages , no commercial loans.Debit cards only not credit cards, make it as risk free as possible. There are far more knowledgeable people on Hol concerning the finance world than me but taken as a layman it did seem one of Corbyn's better ideas. Wouldn't it create a two tier banking system though? Don't know. Edited by Stirlingsays (02 Aug 2023 12.47am) 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
Alert a moderator to this post

Stirlingsays

02 Aug 23 12.46am

Originally posted by HKOwen

There are far more knowledgeable people on Hol concerning the finance world than me but taken as a layman it did seem one of Corbyn's better ideas.

Wouldn't it create a two tier banking system though? Don't know.

Edited by Stirlingsays (02 Aug 2023 12.47am)

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

Alert a moderator to this post

HKOwen Hong Kong 02 Aug 23 6.58am
Originally posted by Stirlingsays There are far more knowledgeable people on Hol concerning the finance world than me but taken as a layman it did seem one of Corbyn's better ideas. Wouldn't it create a two tier banking system though? Don't know. Edited by Stirlingsays (02 Aug 2023 12.47am) I don't have a problem with a two tier system. The second tier being functional and the other tier acting commercially. I don't like big government but I have an issue with for example water being privatised. For rail, where there is no competition due to geographical nature of services we need to get some expertise from Italy where the public/private model is excellent and lots of people use trains as they are inexpensive comparatively and efficient. Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.
Alert a moderator to this post

HKOwen

Hong Kong 02 Aug 23 6.58am

Originally posted by Stirlingsays

There are far more knowledgeable people on Hol concerning the finance world than me but taken as a layman it did seem one of Corbyn's better ideas.

Wouldn't it create a two tier banking system though? Don't know.

Edited by Stirlingsays (02 Aug 2023 12.47am)

I don't have a problem with a two tier system. The second tier being functional and the other tier acting commercially.

I don't like big government but I have an issue with for example water being privatised.

For rail, where there is no competition due to geographical nature of services we need to get some expertise from Italy where the public/private model is excellent and lots of people use trains as they are inexpensive comparatively and efficient.

Alert a moderator to this post

Wisbech Eagle Truro Cornwall 02 Aug 23 10.36am
Originally posted by Teddy Eagle What's the difference? The level of care that would ensure nothing was said or documented that could later be misinterpreted, misunderstood or misrepresented. The production of a final watertight document screened from every legal angle and handled quietly. For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.
Alert a moderator to this post

Wisbech Eagle

Truro Cornwall 02 Aug 23 10.36am

Originally posted by Teddy Eagle

What's the difference?

The level of care that would ensure nothing was said or documented that could later be misinterpreted, misunderstood or misrepresented.

The production of a final watertight document screened from every legal angle and handled quietly.

For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Alert a moderator to this post

ASCPFC Pro-Cathedral/caravan park 02 Aug 23 11.18am
Farage got 58 pages out of this. Well done. Red and Blue Army!
Alert a moderator to this post

ASCPFC

Pro-Cathedral/caravan park 02 Aug 23 11.18am

Farage got 58 pages out of this. Well done.

Red and Blue Army!

Alert a moderator to this post

NEILLO Shoreham-by-Sea 02 Aug 23 11.45am
Originally posted by Wisbech Eagle The level of care that would ensure nothing was said or documented that could later be misinterpreted, misunderstood or misrepresented. The production of a final watertight document screened from every legal angle and handled quietly. [/ The Exit Documents can only be handled “ quietly “ if the client accepts the decision , does not apply for a SAR , and has no cause for complaint. It looks like this incident is going to result in new regulation in one form or another. And that may well address the issues raised Old, Ungifted and White
Alert a moderator to this post

NEILLO

Shoreham-by-Sea 02 Aug 23 11.45am

Originally posted by Wisbech Eagle

The level of care that would ensure nothing was said or documented that could later be misinterpreted, misunderstood or misrepresented.

The production of a final watertight document screened from every legal angle and handled quietly.

The Exit Documents can only be handled “ quietly “ if the client accepts the decision , does not apply for a SAR , and has no cause for complaint.

It looks like this incident is going to result in new regulation in one form or another. And that may well address the issues raised

Old, Ungifted and White

Alert a moderator to this post

Stirlingsays 02 Aug 23 12.06pm
Originally posted by HKOwen I don't have a problem with a two tier system. The second tier being functional and the other tier acting commercially. I don't like big government but I have an issue with for example water being privatised. For rail, where there is no competition due to geographical nature of services we need to get some expertise from Italy where the public/private model is excellent and lots of people use trains as they are inexpensive comparatively and efficient. The rail privatisation was a bad flop by the Tories....a complete cock up that has left an expensive mess....which the consumer is left to pick up the tab for as usual. 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
Alert a moderator to this post

Stirlingsays

02 Aug 23 12.06pm

Originally posted by HKOwen

I don't have a problem with a two tier system. The second tier being functional and the other tier acting commercially.

I don't like big government but I have an issue with for example water being privatised.

The rail privatisation was a bad flop by the Tories....a complete cock up that has left an expensive mess....which the consumer is left to pick up the tab for as usual.

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

Alert a moderator to this post

Page 57 of 80 < 53 54 55 56 57 58 59 60 61 >

Previous Topic | Next Topic

Crystal Palace FC Supporters' Website - The Holmesdale Online

Coutts VS Nigel Farage

Site Map

New users

Existing users

Sponsors