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Protesters Brick Up Bank Entrance
Upset over a lack of lending, a group of protesters bricked up the entrance to a Barclays bank in Bournemouth, England. From the article: "Property developer Cameron Hope told Sky News Online that 'things are getting worse' for bank customers and businesses, and the financial institutions 'aren't fit for purpose.'" I'm no expert in fair lending practices, but I'm pretty sure getting into the bank is an important first step in the loan process.
Of all the things banks do to get upset over, they chose this? Do these people not realize that not only are fees/ interest rates so high due to the insane number of people who pay late/ don't pay at all, but the banks are doing a huge favor to anyone who they loan money to. It's not like the loan money belongs directly to the bank; any money in there belongs to the account holders/investors who in reality should have a say in who does/doesn't get a loan. If I wanted a loan for more money than I make in a year, I would rightfully expect the bank to be skeptical of my ability to pay back. Maybe I'm just misguided but I have to side with the bank on this one for once. It's not like all their money comes from nowhere and they should have the right to be discretionary about who they loan to and the terms of the loan. If anything, bricking up the entrance is counter productive to their cause. When the banks found out about this shit, do you think they would be willing to give out a loan at all, let alone for the amount of fees stated in the article? Just because you're butt-hurt because you didn't get the loan doesn't mean you have to fuck over all of the employees and customers to the bank. Also, if the English police force works any bit like America, that's a huge waste of manpower and taxpayer money as well.