Banks greedy again

NTMA has, in its wisdom, decided that the interest rates provided by An Post and other State savings organisations would be lowered by up to 40%.

This is to be coupled to a decrease in the winnings provided by the Prize Bond organisation. They say this is to discourage intensive saving by consumers who should instead be spending wildly.

This is another craven capitulation by politicians and the State to the will of the crass greedy bankers and banking companies who refuse to match the interest rates provided by An Post etc — in case it would eat further into their immoral profits. We have seen the same interference by banks in the organisational fabric of the Credit Union movement. Is anyone sick of this dictatorship by our corrupt banks yet?