Thursday, January 28, 2010

Banks Swindle The Public And They Keep Putting Money In

NEW YORK (CNNMoney.com) -- It's the financial equivalent of a dysfunctional relationship.

For more than a year, consumers have howled about the litany of sins committed by the country's biggest lenders -- including accepting billions in bailout dollars, cutting credit lines and, in some instances, paying outsized bonuses.
But for all their grumbling, many Americans just can't seem to quit the megabanks that they have complained so loudly about.

In fact, the number of deposits controlled by some of the nation's largest financial institutions remain near their highest levels ever, based on the latest data from the industry.
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15 comments:

  1. I pulled my money out the big bank and moved it elsewhere. I dropped the credit card from the big bank that changed the interest rate. Slowly but surely I'm cutting things off.

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  2. Even CNN hates the banks, calling the public imbeciles. But hey, nobody reads or listens to CNN anyway, right?

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  3. Go with your credit unions...Try to stay with in budget...F**k the credit cards...I'm trying to clear the slate...I still say the bastards can keep up this charade for a few years...I have no idea how they do it but they manage to fool the people a majority of the time over and over.

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  4. I talked to my brother and he moved his money out of Bank of America into smaller local bank.

    We need to dump the big banks and Federal Reserve system and make sure they do not sneak back in.

    We need to watch out for and take care of each other instead of relying upon big banks, government, insurance companies, etc...

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  5. You said it my friend. Going forward we are screwed, but if everything resets like Planet of the Apes that last thing I want to see on the beach is a Bank of America tower with an open drive thru.

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  6. Has anyone else been getting more credit card offers of late? I hadn't received any in quite some time, and all of a sudden I'm getting one or two per week. I just wondered it they're trying to replace all those people who have started removing themselves from credit card debt?

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  7. I'm getting several offers a week but they are all coming from Chase.

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  8. These are the same MF's that got all that free money, pay big bonus's and charge 30 to 70% int on credit cards while the SOB's pay you 1% on your money.

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  9. 1:26 Yes seems INTEREST is always mainly for the Big Bankers "Own Interest". Wow! Big Surprise.

    As 11:35 said we need to take care of each other and walk away from the Big Bankers. They need us ... but we do not need them.

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  10. big banks can kiss my a_ _ im taking care of myself and thats it

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  11. 12:49, I think that is what's happening. They're trying to lure in more credit victims again.

    As for Chase, that isn't a good sign. When WAMU was going to go under, I would get those offers from WAMU several times a week. Must be something wrong going on at Chase.

    Maybe the move your money thing is working.

    I actually wonder what would happen if enough people moved their money out of the big banks. Would the banksters start a war on the people? Would they threaten politicians that if we the people don't move our money back into their big banks that they will proclaim a war on us?

    I wouldn't put anything beneath those guys.

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  12. POST SUBTITLE IS MISLEADING....

    IT IS THE CITY OF HARRISBURG THAT IS ALMOST IN BANKRUPTCY.....

    THE STATE OF PENNSYLVANIA IS AT LEAST A YEAR OR TWO AWAY FROM BANKRUPTCY OR 80 TO 90 % INCREASES IN THE STATE INCOME TAX.......

    WAY TO GO BUSH BUBBLE / OBAMA REPRESSION.....

    I SEE YOU'VE WON ONE FOR THE OLD NWO....

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  13. i love how my seed bank is growing
    muahmuah

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  14. @8:32pm : *Blushes*

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  15. i love to spread my seed everywhere

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Everyone is encouraged to participate with civilized comments.