ARE STATE OWNED BANKS GOING TO BE ALLOWED TO SCREW THEIR CUSTOMERS?

First-time buyers face a huge rise in the cost of their mortgages at Britain’s biggest lender.

Halifax has revealed plans to raise its loan rates from January for all new borrowers.

In a further blow, the lender – part of Lloyds, which is 41 per cent owned by the taxpayer – is also scrapping a promise that its standard variable rate deal will never be more than three percentage points above the Bank of England’s base rate.

This clears the way for the bank, which would have collapsed without a taxpayer bailout, to charge as much as it likes for its mortgage deals.

Yesterday, experts warned that other lenders are likely to follow the controversial move, which comes as millions face acute financial pressure.

Sorry?  I thought we owned these fucking banks?  Why then are the coalition allowing them to screw their customers with rates way above what they need to make a profit?  Why are credit cards at 29% and above in some cases?  Why can't we have a state owned bank which only deals in mortgages and small companies finance?  If these banking bastards, want to get back to their risky investments, which the Tories will believe me allow, why should any more tax payers' money be involved?

CREDIT CARD INTEREST RATES AT 12 YEAR HIGH-WHY IS IT ALLOWED?

Millions of borrowers are facing “crippling” debts after banks put up interest rates on credit cards to a 12 year high, it can be disclosed by DL tonight.

The cost of paying on plastic has gone up by more than a quarter in just four years, new figures show. Almost seven million card holders saw their rates increase over the last year.  The average rate of interest has now climbed to 18.8 per cent, the highest since 1998, with some card holders being forced to pay as much as 46 per cent in interest.
 
Sorry, I don't understand why when most of us are struggling to pay off our debts and the interest rate is 0.5%, why the Banks which we mostly own are getting away with what amounts to LOANSHARKING!  How is the country ever to get out of a recession when no-one is spending money because they are getting squeezed by these BANKING BASTARDS, who then pay themselves huge BONUSES.

Unless of course it is an ESTABLISHMENT PLOT to keep the GENERAL POPULATION DOWN while the NEW WORLD ORDER gets richer?