Comments on: Vision of the future? See Japan’s past http://blogs.reuters.com/macroscope/2009/08/05/vision-of-the-future-see-japans-past/ Shining a light on the dismal science Wed, 16 Nov 2016 01:39:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: T'ski http://blogs.reuters.com/macroscope/2009/08/05/vision-of-the-future-see-japans-past/comment-page-1/#comment-798 Sat, 08 Aug 2009 21:36:03 +0000 http://blogs.reuters.com/macroscope/?p=1773#comment-798 A very nice piece of pro banking writing, and he is right when he says that retail deposits don’t come cheap. Given that 90% of the country holds the worlds banks responsible for the current situation through irisponsible lending and also for taking large sums of money from the public purse and pocketing them instead of injecting it into the economy while operating tough policies against and in too many cases the total abandonment of the very customers they were paying to get into debt via ‘cashback’ loans i think any incoming money for the banks from the man on the street will be even more costly in future.

customers will be moving money around a lot more and selecting top interest rates over loyalty to banks whom many i’m sure will feel that threw away years worth of loyal banking when times got tough for all.

Banks have never been well liked, but everyone i speak to now has them down as public enemy number one.

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