You start your retirement with a house and a modest pension for your golden years.
Then a Bank calls you about a debt you owe…
THE PERFECT STING
Annual income tax is the ‘Sitting Duck’ season for Bankers. They promote retirement saving plans for deferred tax benefits. A Bank is sure to be involved in the financial products people choose. They might not tell you, especially if you look like an easy ‘Target’. *
There could be an undisclosed ‘Tied Loan’ in your investment where a ‘Signature Affidavit’ works like identity theft. It gets into a Bank account and feeds on credit; like a computer virus that preys on data.
‘Tied Loans’ are supposed to be illegal, but if a Bank approves one in your name, you won’t be rid of it until you pay it out. The law is on their side. There is no consumer protection. None: None whatsoever.
‘Bank Loan Game Rules for Sitting Ducks’ is a story book sleazy scheme that ends with a question in a television broadcast of an ‘All Candidates Meeting’. **
“In cases of ‘Tied Loans’ would a government side with consumer protection, or Bank profiteering?”
Three parties agreed; “The consumers of course. It’s illegal and should be stopped.” Not the incumbent … “I know this story ... We can do nothing ... Canadian Banks are among the best in the world.”
With ‘dream laws and politics for hungry bankers’ Banks report ‘Tied Loans’ in record breaking profits from ‘Wealth Management Services’.
They love them.
info@tonycrawford.org
News credits: * CHTV Live@5:30 ~ The Perfect Sting ~ 04/01/06
** Cogeco ~ Meet the Candidates ~ 18/01/06.