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Posted: Mon Jun 02, 2008 2:00 pm
by bigpete
How can one respect these organisations?
'Royal Bank of Scotland and Barclays have been raided by the Office of Fair Trading (OFT) regarding possible price-fixing.'
http://news.bbc.co.uk/1/hi/business/7431197.stm
Posted: Mon Jun 02, 2008 2:08 pm
by kallis3
And who knows if any of the others have done the same?
Time was that I used to respect these organisations as they were small enough to care about their customers.
Now they have all got too big for their boots and care only about No.1 and making money. The little minnows (you and I) have somehow been left behind.
Posted: Mon Jun 02, 2008 2:55 pm
by animaleyes76
and don't expect the government to do any thing. Too many MP's have shares/comfy directorships in these companies
(
Posted: Mon Jun 02, 2008 3:03 pm
by kallis3
Shouldn't be allowed - they should be totally impartial.
Posted: Mon Jun 02, 2008 3:05 pm
by animaleyes76
Totally agree.
Posted: Mon Jun 02, 2008 3:18 pm
by glen1971
Price fixing has been going on all year...see the mortgage market as an example. Non of them are passing on any of the BOE rate cuts to the consumers. There are no really competitive mortgages on the market at present, they have decided between themselves to concentrate on proffit margins rather than have a fair competitive market. If one of the big mortgage providers offered a great deal (say 1% off the rates at the moment) then all would need to follow to stay competitive. Its no different than the tranatlantic airlines caught fixing last year (Virgin and BA)
Posted: Mon Jun 02, 2008 3:19 pm
by animaleyes76
I blame the Illuminati ;o)
Posted: Mon Jun 02, 2008 3:27 pm
by chris.g
I've always said the biggest conmen are the ones on show......