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Old 11-07-2011, 12:12 PM
 
3,686 posts, read 7,333,884 times
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It's so funny watching the little folks throw their meaningless temper tantrums. Gee, maybe your Credit Union will give you a toaster to make you stop whining.
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Old 11-07-2011, 12:37 PM
 
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It's even funnier watching some dude from Massapequa pretend he's Gordon Gekko on the internet.

vv Yawn.

Last edited by Interlude; 11-07-2011 at 12:48 PM..
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Old 11-07-2011, 12:43 PM
 
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Sorry if you havent made it in life yet. Keep trying.
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Old 11-07-2011, 01:02 PM
 
Location: under the beautiful Carolina blue
15,766 posts, read 24,025,669 times
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Quote:
Originally Posted by Gpsma View Post
You never impressed me as someone with any financial acumen so I will educate you here...banks have other investment products for their customers.

Oh nos!!! Gpsma is not impressed from his basement palace in the Riv!! Whatever will I do.

...because anyone who knows anything uses a bank for their "investments". I bet you think you actually matter to the person sitting at the little desk in your local Citibank. Is the one by your high school still there?

Get out more.
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Old 11-07-2011, 01:07 PM
 
Location: under the beautiful Carolina blue
15,766 posts, read 24,025,669 times
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Quote:
Originally Posted by LegalDiva View Post
Yeah, its funny how they are trying to downplay the mass exodus. Fact is, my husband also had a Citibank Savings acct with more than $ 50K in it. He went and withdraw all the cash, closed the account and the teller barely blinked an eye.

.
People who make $10 an hour generally can't see the forest for the trees. I also once closed out a $50K+ account at Chase and not a word was said. They think it doesn't affect them, but they'll be first to be under the ax when it falls.
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Old 11-07-2011, 01:09 PM
 
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I didn't go to high school on Long Island.

and....I don't use the retail bank at Citi...there is another Citibank...but you wouldn't be privy to it, honey.

Last edited by Gpsma; 11-07-2011 at 01:22 PM..
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Old 11-07-2011, 01:19 PM
 
2,753 posts, read 3,019,141 times
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Originally Posted by twingles View Post
People who make $10 an hour generally can't see the forest for the trees. I also once closed out a $50K+ account at Chase and not a word was said. They think it doesn't affect them, but they'll be first to be under the ax when it falls.
In a way, it won't - if they get into trouble, they'll just have the government bail 'em out again with your tax dollars.
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Old 11-07-2011, 03:18 PM
 
607 posts, read 688,654 times
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Quote:
Originally Posted by Gpsma View Post
and from the WSJ

Executives at large banks have shown few signs of worry that depositors might walk out the door. One reason: People who gravitate to credit unions tend to be unprofitable for giant banks because of the small balances they keep on deposit, low number of products they buy and the relatively high account-maintenance expenses at big financial firms


Little banks for the little folks...they can eat cake while they are in line with their buck and a quarter deposit.

Every little bit counts and adds up over time. My $10, your $50 etc. Big banks are just downplaying the situation.
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Old 11-07-2011, 03:25 PM
 
Location: East Northport
3,198 posts, read 8,117,374 times
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Originally Posted by Fastrudy View Post
Anybody move their money from a "for profit" Bank to a "not for profit" Credit Union? If you saw a movie called The Inside Job, you would have.
Credit Unions generally offer better deals then comercial banks but don't fool yourself that they are not profit motivated.
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Old 11-07-2011, 03:28 PM
 
3,686 posts, read 7,333,884 times
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Every little bit counts and adds up over time. My $10, your $50 etc. Big banks are just downplaying the situation.


You think so? Ever wonder why the likes of Chase, BofA, and Citi have not been on the same building splurge as every other bank opening a branch on every corner?
Because they are not looking for the small depositor. Let's face it, money center banks are not going to be hurt because someone took their small account and put it in a credit union.

The reintroduction of the McRib at McD's is having a bigger economic impact than this feel good Fleabagger tactic.
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