Yes, I've been stung with these sort of charges myself in the past here in the U... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		spicerguy on May 5, 2016 \| parent \| context \| favorite \| on: Bank Underground, the blog written by Bank of Engl... Yes, I've been stung with these sort of charges myself in the past here in the UK - the banking code has cleaned up this practice a bit in more recent times; however I think it's fair to say there's a material difference between being stung for £200 and having your house being ripped from under you by sharp banking practice. I recommend watching the film "99 homes" - it's not a perfect film by any means but illustrates many of the coal face issues of mortgage repossession in the US.

peteretep on May 5, 2016 [–]

    > however I think it's fair to say there's a material
    > difference between being stung for £200 and having
    > your house being ripped from under you by sharp
    > banking practice

The difference is solely in scale.

spicerguy on May 5, 2016 | [–]

yes, and scale is a material difference.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact