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Banks are at it.

Discussion in 'Off Topic Threads' started by slipping into darkness, Jan 9, 2012.

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  1. slipping into darkness

    slipping into darkness TS Member

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    We bailed out the Banks so they could keep there heads above water but now realize there still not making enough "Money" they now are starting the so call maintenance fee, the transaction fee, the transfer fee, what a crock of B.S. a financial advisory suggest moving all money to a Credit Union will be checking them out this week. Good Luck America!
     
  2. birdogs

    birdogs TS Member

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    We all hate these fees but Dodd-Frank and other Obama reguklations have made many of the money-earning things that banks used to do illegal. That is why the banks have been forced to to for other revenue streams. I am no fan of banks in general but they do have very high operating costs and they do need to make a profit to survive.
     
  3. cubancigar2000

    cubancigar2000 Well-Known Member

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    Credit unions are my banks now
     
  4. Jeff P

    Jeff P Well-Known Member

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    Birddog, that's a nice common-sense approach, as opposed to the disjointed rambling of the original poster.

    They'll either make a profit and survive or they won't.

    And then the OP will wonder where he's going to get a loan from...
     
  5. Catpower

    Catpower Molon Labe TS Supporters

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    The only problem with Credit Unions is when they get big enough to compete with the banks the board of directors will have a rigged election to change the charter to a bank

    I used to work for two that did that, one had $4.5 billion is assets, and switched to a bank, any ballot that was returned was supposed to be counted as a vote against the change, on the 4 th floor of one of their buildings there were 5 pallet boxes of returned ballots, that were never counted

    But what I would like to know, is how they get by with stealing the members assets, they sure didn't sent any money to the "ex members"
     
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