I often wonder how people think. Litigation funder IMF Australia Ltd is bankrolling a class action against Australia's major banks and half a million people barging and shoving to join the queue.Do you think IMF is really doing it for you, helping the underdog?
Bugger me, they're in it for the money! A share of the proceeds, a cut of your damages. The only winner out of this.... the lawyers.
Say the action succeeds, how much do you think you'll get? $1k? If you're very lucky.
Now ask yourself how much did your superannuation fund loose from the scare we can do without?
The XFJ, index of bank shares over the last 2 days
2 comments:
Good Sunday to you, Young Werther.
Banks, like health insurance companies, are ONLY a business concerned with their own bottom line.
Customer care is an oxymoron.
Aurora, your so right there. But downunder, we've taken bank-bashing to a new level, it's become our national sport :)
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