Right?? The bank already makes money off the money people put into the bank. Now the bank is saying that their unethical practice of stealing people’s money isn’t as profitable as they want so they are going to unethically steal from everyone a different way that they can’t stop or say no to?
I have a credit union and unfortunately a Chase account now. I had to open a banking account with First Republic to refinance my student loans from 6.7% to 2.75%. They were the only ones that took on high student loans (lot of medical professionals) and required a constant $20k in the bank.
Once my loans are done in a few months though, I am moving everything back to m y credit union and closing Chase.
To speak to some others like my in laws, husband, and my own parents, likely plus a few friends:
They believe that banks offer more services and even more security than a local credit union (ironically my FIL is board member of a credit union but banks with a bank)
Like that there tends to be brick and mortar locations nationwide
Dont know any better (this is most people I believe, unfortunately financial literacy in US is low. Lemmy is not representative of general pop)
What are you going to do about it pleb? The number of banking companies in the US has fallen over 25% since 2007 via so-called stress tests. The population is quite literally tens of millions of people more in that same timespan.
Bigger market + less competition = you matter less
Don’t like it? Make sure that the next time you hear “too big to fail” you tell your elected officials you are willing to take that risk. Everyone cut so much slack for past 4 presidents bailing out banks of course they have learned they can do what they want.
This. Banks, airlines, and I’m sure others, getting bailouts. Capitalism means risks, right? I’m tired of seeing companies getting handouts because they made poor choices, while we still don’t have free or even discounted, healthcare. Socialism is in play, but it’s being used for the rich.
All I know is that he pointed out in the presidential debate that the Quaran says nothing about hajabs or the proper way of wearing them. Sounds like a good first step.
Horrible events like January 6, or 9/11, each get a name.
I wonder what Monday’s SCOTUS ruling will end up being called.
Bc that seems to me to have been the turning point - not the beginning, obviously (you could point much further back to e.g. Citizens United) but when it really allowed/encouraged things to ratchet up.
Even its wiki page says it was not unique, was not for common folk, and also it was repealed even though portions of it were re-issued. If you mean that this could be used as a name, I was thinking more along the lines of like “Madness Monday”, except you know… something actually good:-).
Lol… I’m a sales and strategy exec for a living and I make sure never to be the smartest or most talented at anything, any room I’m in. Many of my sentences end with “or something with good words that are actually more gooder that you smart people can do more betterer than me”
Correction - you should believe them that such will happen when nobody else but them has knives and they are certain they won’t get a scratch while it’s happening. Until then they’ll be very afraid.
The dangerous part is that the fact that they are cowards may over time become more notable than the fact that they really want this.
We passed by his store that is apparently still in existence on a trip to Indianapolis recently, so I got to tell my daughter about the commercials that Don used to make for Don’s Guns back in the 80s and 90s and how they were pretty much universally mocked for being so creepy with the bizarre tagline and laugh.
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