You fraudsters! Bank boss accuses 'huge numbers' of Britons of making dishonest PPI claims as pay out figure hits £30 billion (1 Viewer)

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Pod

Collected Consciousness
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Pot calling kettle black!

The rush to claim PPI compensation has turned huge numbers of Britons into fraudsters, one of the country’s most senior bankers claims today.

In an extraordinary broadside, Barclays chairman John McFarlane said customers had made an avalanche of dishonest claims for mis-sold payment protection insurance.

It was ‘inconceivable’ that all the claims that had helped fuel a ‘flat-screen television’ buying spree were legitimate, he said.

McFarlane, 71, accused the Government of being ‘complicit’ in the decline of banks by allowing a compensation culture to develop in Britain since the PPI scandal came to light in the early 2000s.




https://www.dailymail.co.uk/news/article-6197515/Bank-boss-accuses-huge-numbers-Britons-making-dishonest-PPI-claims.html
 
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Pucksterguy

Elder Entity
Jul 28, 2016
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Fu k, sorry about your luck McFarlane....
 
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Pod

Pod

Collected Consciousness
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Jul 19, 2016
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Fu k, sorry about your luck McFarlane....
Funny thing is that McFarlane is right. The government under Tony Blair, the war criminal, changed the law to allow solicitors to advertise so we, the people, are bombarded with telephone calls selling the services of legal firms who want to help us claim money. It is cheaper for a bank to pay out a claim than to investigate it. Everybody made money except the banks.
 

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