Banking on Greed by Michael Levy SignUp
Boloji.com
Boloji
Home Kabir Poetry Blogs BoloKids Writers Contribute Search Contact Site Map Advertise RSS Login Register
Boloji
Channels

In Focus

Analysis
Cartoons
Education
Environment
Going Inner
Opinion
Photo Essays

Columns

A Bystander's Diary
Business
My Word
PlainSpeak
Random Thoughts

Our Heritage

Architecture
Astrology
Ayurveda
Buddhism
Cinema
Culture
Dances
Festivals
Hinduism
History
People
Places
Sikhism
Spirituality
Vastu
Vithika

Society & Lifestyle

Family Matters
Health
Parenting
Perspective
Recipes
Society
Teens
Women

Creative Writings

Book Reviews
Ghalib's Corner
Humor
Individuality
Literary Shelf
Love Letters
Memoirs
Musings
Quotes
Ramblings
Stories
Travelogues
Workshop

Computing

CC++
Computing Articles
Flash
Internet Security
Java
Linux
Networking
Ramblings Share This Page
Banking on Greed
by Michael Levy Bookmark and Share
 
Almost everyone I speak to these days has a continuing story to tell on how they are being ripped-off by erroneous charges and hidden fees from financial corporations. Nobody is immune from becoming lured into a financial offering, only to find out later that the lure of a fair deal turns into a cautionary and costly tale of extreme greed.

Life's experiences teach us to become more aware of the risks from people and companies we do business. However, I guess we never stop learning and surprises lie in wait for us all. Even people who consider themselves worldly-wise can and do get caught up in the web of corporate avarice.

To cut a long story short, I forfeited more than $2,000 in two months on a continuing bank certificate of deposit because I forgot to renew it in the grace period and they renewed it at a low rate of interest. I was out of the country for two months. When I found out I said I would not accept their low rate as new customers got 2% more. I closed the account and I was penalize $1678 + losing 2% interest for two months. Since a CD guarantees preservation of capital, this one flaunted that law.

I stated I did not accept the low interest rate and I do not accept any penalties charged to my account as I felt I was abused and unjustly treated. Alas, they took no notice. In fact, they seemed quite proud that they could get away with it. I stated that the morals and the ethics of the treatment of customers at this bank were outrages. But still, I got nowhere fast and had to admit defeat and a loss of $2000 on my savings. I guess I realized that if anyone seeks sympathy from a bank they will find it located in their prospectus somewhere between avarice and greed.

To sum up my experience, I trusted the bank to deal in an ethical and evenhanded manner with my money that I entrusted in their care. Foolishly, I expected to get the same new rate of interest as every other person would get who opens a new CD on the same renewal date. I did not expect any more, nor any less, than what was being offered to the general public in the banks marketing campaign. What I obtained was an example of how trust can be abused for the sake of the greedy few who make cleverly planned, deceitful rules and regulations.

The paradox is this bank scavenges a few thousand dollars from its loyal customers, while it writes down billions of dollars from bad loans in the sub prime debacle. Strange is it not how universal laws cannot be winked at and disregarded. History teaches that even the great dynasties are eventually conquered by their own weapons of detrimental ambitions, immoral greed and uncaring deeds.

The bottom line is, even when we personally experience unfair treatment from large corporations, or anyone else, we still need to understand that the real riches of life cannot be taken from us without our permission. The love and joy of each new day should be savored ... Even though many things are sent our way to try to take away the serenity, the truer reality, of who we are, can make bad experiences melt like butter on a stove ... Universal principals, are in-deed, you pals for life, in good times and nasty experiences.

The human intellect of sneaky cleverness dwells on the outer surface of the circle, thinking it knows how to live. Many times, it will hatch out schemes that are filled with devious cunning and skullduggery. While the dastardly cleverness is sometimes aimed in our direction, our identity, that contains truthful intelligence, exists in the center, creating a delightful, contented repose.

There is no price tag on our joyful peace and tranquility ... Even though we may experience a setback from time to time; the power our universal architect provides extraordinary energy, allowing our soul's flow of joy to restore a treasure chest of indestructible assets, for a lifetime's blissfulness.
28-Oct-2007
More by :  Michael Levy
 
Views: 963
 
Top | Ramblings







A Bystander's Diary Analysis Architecture Astrology Ayurveda Book Reviews
Buddhism Business Cartoons CC++ Cinema Computing Articles
Culture Dances Education Environment Family Matters Festivals
Flash Ghalib's Corner Going Inner Health Hinduism History
Humor Individuality Internet Security Java Linux Literary Shelf
Love Letters Memoirs Musings My Word Networking Opinion
Parenting People Perspective Photo Essays Places PlainSpeak
Quotes Ramblings Random Thoughts Recipes Sikhism Society
Spirituality Stories Teens Travelogues Vastu Vithika
Women Workshop
RSS Feed RSS Feed Home | Privacy Policy | Disclaimer | Site Map
No part of this Internet site may be reproduced without prior written permission of the copyright holder.
Developed and Programmed by ekant solutions