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Word will come out this week that bonuses paid to GS and others will be at record levels.
I read an article on that today. They have billions set aside for bonus and are worried how the public will take it. Gee, the poor bankers.
With an average of $500K as a bonus I'd feel like I won the lottery if I got that much as a bonus. And to think, they earned that all off of government borrowed money. They should be thanking us as they cash those nice checks.
I read an article on that today. They have billions set aside for bonus and are worried how the public will take it. Gee, the poor bankers.
With an average of $500K as a bonus I'd feel like I won the lottery if I got that much as a bonus. And to think, they earned that all off of government borrowed money. They should be thanking us as they cash those nice checks.
I doubt that "checks" will be involved at all. Those are only used for working folks not the elite. The elite get e-money which we all know is limitless anyway.
"The idea is simple: If enough people who have money in one of the big four banks move it into smaller, more local, more traditional community banks, then collectively we, the people, will have taken a big step toward re-rigging the financial system so it becomes again the productive, stable engine for growth it's meant to be. It's neither Left nor Right -- it's populism at its best. Consider it a withdrawal tax on the big banks for the negative service they provide by consistently ignoring the public interest. It's time for Americans to move their money out of these reckless behemoths. And you don't have to worry, there is zero risk: deposit insurance is just as good at small banks -- and unlike the big banks they don't provide the toxic dividend of derivatives trading in a heads-they-win, tails-we-lose fashion."
I agree with you. I was saying this more than 10 years ago. I'd ask people why they went to big banks that charged rip off fees for everything. It just didn't make sense to me. So what if the big banks have a million ATMs? I could see the danger of the big banks getting bigger and bigger even then.
This will sound snotty of me....but people are just kinda dense when it comes to this stuff....and lazy.
I used to bank at a community bank years ago but they got bought out by Chase. What if the Big Banks buy up everything and put the small guys out of business like Walmart does?
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