Posts Tagged "occupySA"

Bank’s commit fraud for BILLIONS of Rands

South African banks commit fraud to the tune of approximately 30 BILLION rand every month

For a long time now, many people have been talking about the stupendous scale of the fraud being committed by banks in South Africa and worldwide for that matter. At the heart of this matter is a process called “securitization”. I will try to explain this complex process as simply as possible.

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Are speeding fines from AARTO legal?

I have a problem with speeding fines. My problem is that I cannot see who is harmed, so where is the crime? This is like the dept of pre-crime in that movie, “Minority report”. If you speed, you are more likely to cause an accident, so we are going to fine you now, so you do not cause an accident. It makes no sense. If we follow that same logic then everyone with a gun should be charged with murder. If you have a gun you are more likely to kill someone else, so let’s just charge you with murder right now and save that other person’s life!

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Standard bank card services passes the buck

I have a credit card from Standard bank and I wanted to know where they got the money to loan me on that credit card. Since I am paying it back with HUGE amounts of interest, I think I have the right to know. Furthermore, you cannot loan something you don’t have. If I don’t have a car, I cannot lend you a car. So if Standard bank loaned me money, they must have had the money to loan me in the first place, right? That’s what I thought but when I asked Standard bank card services this question, they passed the buck.

In classic corporate style, they passed the buck. Standard bank is like every other corporation on the planet, no-one is responsible, they simply pass you on to someone else in the organization when you stump them.

I don’t understand why my simple questions were not answered and I am not going to leave it here. I am going to scratch further and will post the results, but I wanted to post something now about how corporations, and in particular, Standard bank, pass the buck when you confront them. This is what makes it almost impossible for normal people, like me, to crack the shield of mis-information their PR dept pumps out.

Here is the email chain between myself and Standard bank card services so EVERYONE can see how Standard bank card services passes the buck.

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Regarding the legality of speeding fines in Johannesburg

For some time now i have had my reservations about the legality of speeding fines here in Joburg, where I live. I received another one in the post the other day & it prompted me to take this a little further. But first let me tell you about the red flags & then I’ll tell you exactly what I am doing.

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