I’ve been watching some of the recent news articles about what our banks are doing or planning on doing, and to me it seems appalling that they are so greedy.
Taxpayers gave them billions of tax dollars to bail them out of a financial boondoggle of their own making, and for a thank-you, they want to charge us exorbitant interest rates on credit cards, charge sky-high overdraft fees on accounts with check guarantees, and charge additional fees on top of those fees.
What is really sad is that they took the bailout money and either just sat on it, invested it in foreign countries or gave their executive officers lush weekend getaways — all expenses paid — with taxpayer dollars.
In the meantime, businesses large and small are failing by the dozens, because they can’t get a loan or operating capital just to stay afloat.
As you can see, the ugly head of greed is standing tall above the heads of the bankers, as they grovel and kiss his feet and worship the ground he walks on.
I guess all in all credit unions aren’t really such a bad deal — most only charge a $5 or $10 dollar fee to join, their interest rates are comparable or less on personal, auto or home loans, and there isn’t a minimum deposit amount to open an account. A lot of banks are asking for $500 to $1,000 just to open an account.
