Shares in the leading UK banks fell sharply yesterday after a ruling by the 'Office of Fair Trading' which declared bank charges of £20-£30 for late payments were "illegal".
The banks have been raking in up to £2 billion a year in the massive fraud.
Customers who take the banks to the small claims courts generally win their money back. Stephen Hone, a law student and member of the Bank Action Group is about to get a 'test case' ruling at the High Court against the Alliance & Lecicester, Barclays, Co-Op Bank, Halifax, Bank of Scotland, HSBC, Lloyds TSB, Nationwide and Nat West.
schmoo wrote this poem a few years ago after being robbed in a bank by a bank:
Close the Banks
Close the banks, and repeal the slavery laws,
it's your money and your life.
Close the banks, before they make summer too expensive,
before spring is extinct.
Close the banks, they are a Vampire Death Cult,
Drakula is alive and well, in a branch near you.
Close the banks, and 'abolish capital punishment;
the people have always been punished by capital'.
Close the banks, 'their' capital is our time on earth,
the amassed toil of generations, stolen without pity,
we have enough laundries that don't work.
Close the banks, the Politicians Pimps,
the Multinational Vandals,
the Stooges of the Rate of the Dollar.
They make deals with genocidal murderers.
Close the banks, and open your hearts!
The money has all gone, so join the real economy
and STOP THE CITY.
Close the Banks, this is one debt we owe ourselves.