Daily Record - Signs Point to Chase at Barnett Building

Started by KenFSU, November 22, 2017, 11:10:45 AM

jlmann

Quotethey tank the economy

hedge funds, rating agencies, mortgage brokers and underwriters, appraisers, homebuilders, developers, speculators, pensions begging wall street for more yield, but yeah "banks are evil" is a little simpler explanation.  they were a major player, but it took a hell of a lot of stupidity/complicity from a huge amount of people not employed by investment banks (btw not consumer banks)

Quoteget a bailout and let everybody else hold the bag

well, taxpayers did hold the bag for a bit, but TARP made money for taxpayers in the end.  cant say that for many (any?) gov. programs

QuoteThe fee to 'hold' my money while they lend it out for profit is way down the list of pet peeves.

So they provide a service, or no?

from below: nationwide network of ATMs, staff and support centers, statements and record keeping and an online portal with bill pay services.  if you don't have a large enough balance (which isn't that huge) to get accounts for free then you should have to share in those costs. 
You mad bro because you sold your investments in 2008 and never make it back, or something?  your bitterness is common, if not rooted in facts

BridgeTroll

Quote from: vicupstate on November 28, 2017, 12:57:48 PM
Quote from: jlmann on November 28, 2017, 12:17:48 PM
oh man i know, those meanie weanie bankers!

I usually have $250 in my account and they try to make me pay a small fee for a nationwide network of ATMs, staff and support centers, statements and record keeping and an online portal with bill pay services.  They're making $0.75 on my balance! The very nerve!  Then I want a mortgage and they tell me my low, inconsistent income and self-employed status means i'll have to pay slightly more than someone with AAA credit.  Ridiculous!

No, it more like they tank the economy, get a bailout and let everybody else hold the bag. The fee to 'hold' my money while they lend it out for profit is way down the list of pet peeves.     


Join a Credit Union... I have not had a "Bank" account in many years...
In a boat at sea one of the men began to bore a hole in the bottom of the boat. On being remonstrating with, he answered, "I am only boring under my own seat." "Yes," said his companions, "but when the sea rushes in we shall all be drowned with you."

jlmann

that's true re credit unions fees, their tax exemption allows them to do things that wouldn't otherwise be economically feasible.  them cheating the system via tax exemption would be an easy way for congress to raise revenue by fixing that loophole to pay for their tax cut.  interesting to see if its in the final bill

but mostly it's kinda odd/crazy that institutions that pay zero income tax are held up as some moral crusader against the evil empire of banks.  their exemption goes and vystar won't be able to forget that its your money fast enough

BridgeTroll

In a boat at sea one of the men began to bore a hole in the bottom of the boat. On being remonstrating with, he answered, "I am only boring under my own seat." "Yes," said his companions, "but when the sea rushes in we shall all be drowned with you."