7 Comments

[Bull Shit Market]

FIFY

Expand full comment

Bankers support the troops by setting up <a href="http:\/\/www.responsiblelending.org\/payday-lending\/research-analysis\/big-bank-payday-loans.html" target="_blank">false flag store fronts</a> outside military installations and charging the GIs 400 percent interest on payday loans. What's not to love?

It got so bad here in San Diego that even the Chamber of Commerce was complaining about it.

Expand full comment

What's the difference between a payday lender and a mafia loan shark?

better lobbyists

Expand full comment

Give me the title to your $10,000 car and I will lend you $1000. You have six months to pay me back $2000 or else the car is mine.

Yeah, not predatory at all...

Expand full comment

One of the <a href="http:\/\/www.newrepublic.com\/article\/116374\/postal-service-banking-how-usps-can-save-itself-and-help-poor" target="_blank">ideas</a> advanced for saving the Postal Service was putting them back in the business of community banking. They're reasonably trustworthy, sell money orders and handle high-value items every day without a hint of embezzlement or scandal, and could offer checking accounts and debit cards to people the commercial banks consider it beneath their dignity to deal with.

Guess who <i>hated</i> that idea?

Expand full comment

Aw shucks, we down here at the ABA just want y'all to know that your local banker is your neighbor and your friend. Why, if'n you find yourself down on your luck, your local friendly banker can fix you up with a 2nd, 3rd or 4th mortgage, at reasonable rates, to see you through the tough times. Why, for our very best friends, we can setup a reverse mortgage to turn your legacy into easy cash that will probably last you well into your almost retirement years, while you provide your children with love and a lesson on how to pull up their bootstraps.

Local bankers just love seeing our neighbors and chewin' the fat with ya when you greet us at Walmart or come on in to beg us for an extension. We take the time to carefully sign you up for our overly-complicated products that you don't need to worry yer little old heads about. We'll make sure we take care of you and your money, especially your money. After all, we are part of your community. Well hell, we own most of the darn community, now don't we? So why wouldn't we care?

We'll be there from the day y'all are born until the day you die. Ya couldn't get rid of us if'n you tried. So just remember the words of Benjamin Franklin when he said, "A penny saved, is a penny that you can apply to your ATM fees".

Your community Banker: "We put our hands in your pocket, so you don't have to"

Expand full comment

Two bankers walk into a bar...

Expand full comment