Wonder why Banks are SO eager to get you to open an account with them & offer freebies like ipads, coffee, free chequing etc?
Wonder why some of the exit fee’s are SO high to get out of their products
Wonder what they make money on and how you are viewed as a consumer
Wonder how its even legal for them to give you terms in loans or products that you didn’t “know” about?
This is very eye opening documentry that should make every consumer run to a reputable mortgage professional when considering a mortgage, or else- consumer beware! This is not a canadian show, however some of these practices have made it over here with the big banks.
We are not saying banks are bad, when you have the right guidance, you can be empowered to make educated decisions.
http://staging.knowledge.ca/program/bankers
In 2008 the financial crisis swept across the modern world. Today, banks are still at the eye of the storm. This three-part BBC documentary series examines recent scandals that have shaken the financial sector, and the revelations of complacency, greed and recklessness that shattered trust in the system. Combining rigorous journalism with access to key players, the series asks what bankers, regulators and policy-makers have learnt since 2008. And, in the process of making the City of London and Wall Street pay the price for weaknesses in regulation, leadership and ethics, is there a danger of inflicting as much suffering on the wider economy as on the banks?