Letters to the Editor: The banks are at it again

"Who do they think we are, fools?"

People queue outside an AIB Bank in Dublin City Centre, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland, May 1, 2020. REUTERS/Jason Cairnduff/File Photo

The banks are at it again! This time it's the application of negative interest to the accounts of small and medium-sized businesses. Apparently the pound of flesh is no longer enough for these social leeches - they want to consume the whole body. 

Not satisfied with converting their personal debts to the populace by way of sovereign debt they now want to do away with cash altogether and to eek out the last cent from account holders starting with hard pressed small business people.I say starting because this is only the beginning of the cashless society in which virtual money in bank accounts for which the customer will be forced to pay daily leading to debit balances is on the way.