[mEDITate-OR:
watch your big banks gamble your money on risky "investment" banking...
instead of lending to you OR your local small businesses.
What Terry Rielly, who worked for a bank in Seattle earlier, told me over 25 years ago is that "banks" no longer are in the check "cashing" Or in the personal loan business. They did not WANT little ol' "customers" like U.S.!
What they DID want to do was take {y}our money, put it into a "credit card", and then take more of it.
Today, since the RE bubble's collapse, what banks ARE doing is, literally, ripping you off...
in order to cover up/over their bad lending losses = Excessive credit card losses, excessive "home equity loan" losses, excessive "commercial" & "construction" loan losses.
What they are NOT doing is lending to other businesses.
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ConsumerMan: Credit unions pick up steam
Anger over Wall Street bailout drives memberships
Add up all the deposits and credit unions now have nearly 10 percent of the household savings in this country. That's their biggest share of the market ever.
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Credit Unions Are Beckoning With Open Arms
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