The skinflints Desjardins

Let us say for the Caisses Desjardins are more than mere commercial banks as is the Royal Bank or Bank of Montreal.

This Friday, in economic turmoil, the "cooperative" Desjardins proudly announced having reached a profit of $ 295 million for the first quarter of 2009.

So, to thank his staff and contribute to economic recovery, it plans to cut 900 jobs throughout its network!

Nevertheless, this was not enough. Asked to draw more juice from his beloved volunteer and customers, it reduces the period of renegotiation of mortgage without penalty from 8 months to 4 months!

In place to support families who have lost income with the economic crisis, it has strengthened the more by forcing them to repay their mortgage loans almost up to term with the old rates ranging to 5.5% while the current are between 3.5 and 4%! Thus, thousands of households often lose $ 200 a month until opening their mortgage in 1, 2, 3 or 4 years.

But who voted this reduction in this period without penalty? Members holding mortgages? It would be surprising. The management has decided without consulting her cooperating and did not care much about their fate.

A true autocracy.

Simply that Alphonse Desjardins must spin in his grave!

It is quite a long time ago when the caisses populaires Desjardins had a mission to help small investors and develop local communities.

Today, this financial institution "cooperative" acting real bandit highwayman and research the profitability of the organization that the well-being of its members or the community.

And speaking of bonuses of several million that are dangled in front of all of Quebec. Where do they come? They are generated by an extra services resulting in cost to anything and everything.

In fact, there is only crumbs back to members on abusive tax they paid.

Desjardins Group said to be "More than a bank ... and it does not.

It is much worse than the banks!