obachi.org

The decision follows more than two years of test case litigation.” from the BBC. I’m sure they have come up with their reasoning for it but to me it smells a little.

It certainly appeared from the outset that consumers rights would be upheld and these were just the hoops the uk legal system had to jump through. But at the end of the day the supreme court upheld the rights of the banks to issue unfair charges to consumers.

I’m not being all conspiracy theory on it all but imagine if out of all the bank accounts in the UK 50% of them had been charged unfairly for going overdrawn? I know for a fact i’m pretty average and have been charged in excess of £300 in charges over the last 6 years. So lets do the maths… 20 million bank accounts x £300 = £6 billion squids as a conservative figure. Who will end up paying that? The banks are already on the edge with a government bailout so will they have the money? No i don’t think so. Is it all a big conspiracy so the government doesn’t have to pay out even more money to out already down banking system? I can’t possibly say but it sure makes you wonder.