Your bank statement for sale

[Brett]

The financial sector is a fucken rort. All banks should be Nationalised. They should simply act as utilities - given the sole purpose of holding customers money.

Because the government wouldn't see that monopoly control as an opportunity to extort more money from consumers?? I love your idea, but alas...govt ownership/control isn't the answer. There are alternatives to banks, cooperative banks/collectives/trusts where the customers are the shareholders. But there are limitation with this that won't suit everyone.

[short-circuit]

Because the government wouldn't see that monopoly control as an opportunity to extort more money from consumers?? I love your idea, but alas...govt ownership/control isn't the answer. There are alternatives to banks, cooperative banks/collectives/trusts where the customers are the shareholders. But there are limitation with this that won't suit everyone.

Don't be stupid. Competition is a fallacy. This "industry" has been completely deregulated to the point that is simply a gigantic Ponzi scheme - do you think you've been a beneficiary of that? Whether you want to believe it or not governments can be held to account a lot more easily than corporations

[mossy1200]

Question?

Part of getting a mortgage is a points system that counts backwards based on how many credit checks you have had in the past for loans etc.
If info is sold and alot of people check on you wont this effect your credit check history?

[Brett]

Edit...post being reviewed due to possible poster (myself...) inaccuracy.

[scott411]

Question?

Part of getting a mortgage is a points system that counts backwards based on how many credit checks you have had in the past for loans etc.
If info is sold and alot of people check on you wont this effect your credit check history?

this system is ment to make that easier, i know i had alot of enquires on my veda check which looked bad, but it was because we opened a heap of accounts for the business, and alot of the bigger companies did credit checks on me, more enquires looks bad in the current system as it does not show if you have taken a loan, only if you have enquired, shop around to get a better rate and it looks bad,

the new system is ment to show what you have on finance already, not just what you have looked at getting

[short-circuit]

Some competition is better than no competition, and yes...there is some competition between banks.. Yes...because there are so many great examples of poorly run government businesses/organisations that have performed poorly and been held to account. Oh...and of course our politicians are held to account for the things that matter at all... ACC being a case in point. Labour cooked the books with ACC for years and it only came out after the end of their reign that actually it was running at a huge deficit and needed massive re-organisation.
Now...this isn't to shoot at Labour at all, just a case in point of a government only looking after their own interests. If ACC was privatised and carried out that sort of thing the shareholders would have called for the heads of management. If a listed company knowingly lies on it's financial statements, the securities commission would have them in court before they their sphincter can pucker. It may have been a slow and drawn out process, but this is partly what some of the failed finance company directors have ended up in jail for.

Edit - point being, it seems that average joe public seems to be able to hold a private company to account much better than a govt run/owned corp.

All that investment in a (repeatedly) failed ideology despite whats staring you in the face. New Zealanders really do put the slow into learning.

[Akzle]

then as i said before....minimize all transactions to only those for which a bank account is needed and start paying everything else in cash. they might get information from me, but its boring as.

pretty much.
but what actually needs a bank account?
if you're hired, but not ("legally") employed, you can be paid in cash (infact, even if you are "employed", the Wages Protection Act demands you ARE paid in cash - you waive this right with an employment "contract" nominating a bank account - which is illegal) then you have no need of a bank account. the only ones who NEED a bank account are those on the dole. so the government can balance their books.

but yes. cash is king. (and easier than carrying a boot full of camels)

The financial sector is a fucken rort. This sort of exploitation (not to mention the economic disaster that has been the Western economy for the last five yearssince the mid thirties) is precisely why all banks should be Nationalised.

They should simply act as utilities - given the sole purpose of holding customers money.

bahahahahhahhhhaahha.
newton over-valued gold when england started running out of silver. a pound of (stirling) silver used ot be just that - a pound stirling. now silver is "worth", what? 900$/oz?
if you want a "nationalised" bank sign up with "kiwibank" but personally, putting more money into the governments hands just doesn't seem like a good idea.

Be glad we're not the USA, apparently their personal information protection laws are very very light. NZ as part of the developed world it supposedly one of the better countries for personal information protection.

US citizens LOVE this shit. it's all about security. to stop the terrorists. 9-11.
did ya hear about that lady that had her family microchipped?
they lapp this shit up because a) their government tells them to and they're stupid, b) "it's so easy" - how easy will it be when we all have microchips implanted - linked to bank accounts, court account, police record, shopping history, online websites etc etc etc. just look at how many people jumped at facebook and started posting EVERYTHING. now they got it on their (GPS enabled) smart phones - it's all tracking where you are, what you "bump buy" and people LOVE IT.

but hey. it stops the terrorists too.

There are alternatives to banks, cooperative banks/collectives/trusts where the customers are the shareholders. But there are limitation with this that won't suit everyone.

yeah. the 1-5k$ buy in.
but i would urge everyone with the 1-5K to do it.

Question?

Part of getting a mortgage...

you realise that the bank isn't actually holding the "money" when you get a mortgage? they can't take it out of anyone elses account, they don't "own" any money themselves.
what you create when you sign the papers is CREDIT. which you then have to pay back (to get back to debit??). fucked up eh?

[Brett]

All that investment in a (repeatedly) failed ideology despite whats staring you in the face. New Zealanders really do put the slow into learning.

I don't think it's an idealogy when it's based on historical experience. I think it's you that lives with failed idealogies and is slow to learn...Or is this like the Macsyna King thing all over again?

[mashman]

I don't think it's an idealogy when it's based on historical experience. I think it's you that lives with failed idealogies and is slow to learn...Or is this like the Macsyna King thing all over again?

of course it's an ideology and it has been failing since its inception. Some of us see this quite clearly as we have learned from history and the present just how ultimately flawed it is... Ahem, baaaaaaaa.

[short-circuit]

I don't think it's an idealogy when it's based on historical experience. I think it's you that lives with failed idealogies and is slow to learn...Or is this like the Macsyna King thing all over again?

You can bend historical experience around to mean whatever you want it to mean for you. The right is doing a fucken ace job of running economies all over the world at present aren't they? ...and bankers are in it up to the elbows

[short-circuit]

of course it's an ideology and it has been failing since its inception. Some of us see this quite clearly as we have learned from history and the present just how ultimately flawed it is... Ahem, baaaaaaaa.

........snap

[Brett]

You can bend historical experience around to mean whatever you want it to mean for you. The right is doing a fucken ace job of running economies all over the world at present aren't they? ...and bankers are in it up to the elbows

Right, Left...I don't give a rats arse. POLITICIANS are doing a good job of looking after their own interests full stop, they don't care about you or I...so why would I give them MORE control over my life (ie letting them run the bank that looks after my primary asset/means of living? Communism springs to mind...let's let the state tell us how to live, control how much of and what we can buy, what we do day to day, what we're allowed to do for job...sounds GREAT to me. *TUI*. Screw that. You guys can give the politicians more control over you, I'm not going to.

[Brett]

Ahem, baaaaaaaa.

Baaa me? Baaaa YOU.

[short-circuit]

Right, Left...I don't give a rats arse. POLITICIANS are doing a good job of looking after their own interests full stop, they don't care about you or I...so why would I give them MORE control over my life (ie letting them run the bank that looks after my primary asset/means of living? Communism springs to mind...let's let the state tell us how to live, control how much of and what we can buy, what we do day to day, what we're allowed to do for job...sounds GREAT to me. *TUI*. Screw that. You guys can give the politicians more control over you, I'm not going to.

Go ahead and enjoy corporate feudalism

[FJRider]

of course it's an ideology and it has been failing since its inception. Some of us see this quite clearly as we have learned from history and the present just how ultimately flawed it is... Ahem, baaaaaaaa.

The one fact we have learned from history ... is we have not learned from history.

As each year passes ... we prefer to believe in exceptions to previous results of historical events.

And long may this folly continue ... that which makes us human.