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It literally pays to be indoctrinted.

Discussion in 'Rants & Raves' started by StMarks, Apr 26, 2014.

  1. Read the article, they don't get interest paid on savings either so its cut both ways for them, what they would have gained in interest would pay for any other charges they incur
     
  2. Personally I don't see what there's to be angry about:
    1. The account is available to everyone
    2. No one else is "paying" since the account doesn't bear interest on credit bals and there are other structural differences to compensate.
    3. This is simply a case of a company (Lloyds in this case) targeting a particular sector of the market, as is common business practice in a free market economy. For example IMO no different to a supermarket deciding to offer a counter of eg Halal or Kosher meat which everyone can buy if they choose.
    4. The fact that some elements of Islamic, Jewish, Christian and even non-religious cultures have roots from hundreds/thousands of years ago, when moral values were quite different to ours today (eg seeming to promote sexism, racism, violence etc) does not have any bearing on this issue. All cultures have distant roots with some unpleasant values by today's standards.

    IMO it is Britain's multicultural society and our worldwide reputation for tolerance and fair play that makes this a unique and special, albeit imperfect country.
     
  3. Stu675

    Stu675

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    what kind of ***** statement is that free money for a savings account? They can't earn interest on their savings so we should feel sorry for them for that, not be incensed when they don't pay interest on an overdraft. Who wants to be overdrawn anyway?
     
  4. D41

    D41

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    There's some pretty broad statements on this thread....my father-in-law was Muslim, and I have several Muslim friends. Most people don't understand Islam because they've never studied it....not only is it a different religion, it is also a different culture by virtue of that fact. Now I'm not remotely religious, and I can understand the angst of those who don't like Lloyd's new policy, but I can't condone it.
     
  5. StMarks

    StMarks

    Thread Starter

    PTG

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    Smart post RDkid :smileup:

    :? I really should try to respond though, I guess.
    This business model is not one generally adopted by the banking industry, & perhaps it's "true cost" may be difficult to assess for a while.?
    I personally will be watching, & interested to see the outcome.

    Would the difference that it would be like a Supermarket selling Lamb Chops at £5.00/kg, and then offering Halal or Kosher Lamb Chops at £ 4.75/kg. ?

    But, my point was specifically that. Is the bearing that Having "roots in" may be where we came from. But should we not look back on that past & know better by now, rather than continue to abide by (or in this case be manipulated by) those archaic values.?

    Just because our forefathers successfully created empires or monumental wonders on the back of slave labour, surely would not make slavery any more acceptable these days.?

    IMHO we should always try to move forward & develop ourselves, rather than choose to do the same wrongs that have always been done, just because they have always been done.
     
  6. D41

    D41

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    Whoa! When did slavery come into the discussion??

    We're talking about a product that appeals to a specific group of people, but is available to all if you want it, like as RDK wrote, kosher meats, rap music, etc......do you ever hear Muslims complain that the butcher sells bacon??
     
  7. StMarks

    StMarks

    Thread Starter

    PTG

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    I wasn't introducing slavery into the discussion D41. I was trying to give an illustration as to why I believe we should not be directed by the instructions of our distant ancestors.

    No. But I don't listen much to peoples complaints.
     
  8. You're too kind StM, and I know you're no stranger to reasoned argument ;)

    TBO I can relate to concerns that as a nation we often seem to be pandering to minorities' sensitivities rather than asking those minorities to accept British/Christian values (e.g. banning Christmas trees in certain boroughs lest someone is offended, when ironically people from those minorities when asked are often the first to say they take no offence whatsoever and the ban is ridiculous, and I say this as a non-religious person). Too frequently IMO the government's and councils' priority on avoiding offence has gone beyond sensible.

    However I think the specific case you mention is a different issue.

    Like you I haven't seen the specific T&Cs for these products, if it turns out with hindsight that Lloyds have mispriced these mortgages (especially if they are underpriced as people are suggesting) then they would inevitably make a pricing adjustment. In my experience this is common business practice if costs and/or demand cannot be accurately predicted.

    The analogy of £4.75/Kg would be fair if it turns out the mortgage is indeed underpriced. I would have thought Lloyds would ensure as far as they can that they are not underpricing otherwise there is a danger everyone would jump on the bandwagon and unnecessarily sacrifice profits. But even if you're right, and the "Halal chops" are cheaper, I would still suggest that it doesn't really matter, since the chops are, most importantly, available to everyone. It just means that the shoppers would tend to switch to Halal rather than regular chops, and the Halal meat suppliers/supermarkets will raise prices - the market doing its job and making natural and continuous corrections.

    I completely agree, we should as a society recognise and reject elements of cultures which have become morally outdated, particularly with regard to discrimination and violence.

    You mentioned earlier:
    I think it's important to clearly avoid the possibility of tarnishing an entire culture due to some abhorrent historical morals, and to balance this with maintaining the traditions and history of different cultures provided they are not causing harm to others. IMO this is one of the major contributing factors as to why Britain has such a rich diversity and often envied cultural heritage.
     
  9. D41

    D41

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    Well, you mentioned slaves and slavery twice in your earlier post....I don't know if I'm more susceptible to comments on that subject or not - I probably am, seeing as my sons are half-black, and the fact I'm dating a girl who is black....few people realize that seven times the number of slaves that were brought to the USA from the UK were shipped to Brazil....staggering statistic when you think about it.

    No worries, I took absolutely no offence, I just think racism is a fascinating subject...when even your teachers start calling you "Darkie" it piques your interest into such reasons as to why they would do such a thing...because my skin is dark, because I look Middle-Eastern?...it's never made any sense to me.
     
  10. Stu675

    Stu675

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    "From the Uk"
    :eek: didn't realise that was a big number!
    ;)
     
  11. D41

    D41

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    Oh yeah! It was common practice in that era for African tribes to sell people they'd captured in "battle" to British slave-traders....they'd then be shipped to the UK (usually Liverpool), and subsequently shipped out to the Americas.

    Oddly coincidental that we're discussing race/racism....I was talking to a lass in a bar last night and she would simply not believe that I am white/Caucasian...she wasn't nasty or rude or nowt, she just didn't get it.
     
  12. Red675

    Red675

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    :shock:
    ???

    [​IMG]
    or ????

    [​IMG]
     
  13. D41

    D41

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