Comments on: Canada Doesn’t Put Up With It

By: Bryan

Bryan — Sun, 19 Dec 2010 17:24:46 +0000

Glad to be of assistance.

By: hipparchia

hipparchia — Sun, 19 Dec 2010 14:56:48 +0000

yes! that was the one i was remembering! although i’d forgotten the ‘gone gekko’ part. thanks.

By: Bryan

Bryan — Sun, 19 Dec 2010 04:10:47 +0000

Fortunately, my current CU went through that a while ago, and the directors involved were removed at the annual election.

I used to have a local bank that I loved, but they got bought out by Barrnett Bank, which was bought by Nations Bank, which was bought by Bank of America. I left when the first buy out occurred because they replaced the head teller, and that woman had saved my butt all over the world by vouching for me and guaranteeing my checks. She was the bank for me, and if the new owners were too stupid to understand that, they were too stupid to have my money. Since then, that was back in the 1970s, I have used credit unions when they were available.

By: Ame

Ame — Sun, 19 Dec 2010 02:35:12 +0000

I use a credit union as well, and at the end of this quarter I am going to transfer my account from the CU that I have used for 25 years to a different CU because my current organization has become quite generous to themselves and behave more and more like a bank every year.

By: Bryan

Bryan — Sat, 18 Dec 2010 04:32:54 +0000

That’s what really gets to me. You do the work of entering the numbers to spend your own money, that the banks get to use while it is on deposit, and you are paying the financial industry to be an unpaid employee.

People who have never been in business realize that you deposit your withholding money from your payroll, and the banks only deposit it in the Treasury account once a quarter. They get to use that money for free for up to three months.

I really hate what banks have become which is why I use a credit union.

By: Ame

Ame — Fri, 17 Dec 2010 04:20:14 +0000

Visa, MasterCard Decline as Federal Reserve Moves to Lower Debit-Card FeesVisa Inc. and MasterCard Inc. plunged more than 10 percent in New York trading after the Federal Reserve Board proposed rules that could slash debit-card interchange fees by 90 percent.

The new rules, posted today by the Fed on its website, may aid retailers and cut profit for lenders who reaped about $15 billion from interchange fees last year

🙂
http://www.bloomberg.com/news/2010-12-16/federal-reserve-moves-to-reduce-debit-card-fees-visa-mastercard-decline.html?nstrack=sid:4831250|met:300|cat:0|order:1

By: Bryan

Bryan — Fri, 17 Dec 2010 03:55:31 +0000

You are remembering accurately, and I am about to do it again.

By: hipparchia

hipparchia — Thu, 16 Dec 2010 14:02:41 +0000

when the causes of the financial meltdown were first becoming apparent and people were just beginning to think of bringing back glass-steagall, you'd hear a lot of but canada doesn't have glass-steagall! from the 'money just wants to be free' crowd. to which the obvious answer was they don't have regulatory capture either. didn't you write a post once on the boston tea party and ant-corporation sentiment? or am i misremembering?