[txrefugee]

Dodd-Frank mandates that the big banks will get bigger, which ensures more “too big to fail” guarantees of government bailouts in the future. This is what happens when Big Government runs the economy.

[Colonel_Flagg]

Ms. Marsh has also evidently never heard of a credit union.

[blackdog]

When I was about eight years old, my dad needed money for my sister's medical bills.

On one saturday we went to the local tavern on the way home from the grocery store, which my dad did with us every saturday. We walked back then, so it was our job as kids to help carry the groceries in our wagons.

My dad had a brief conversation with the bartender who was the owner's son. The son opened up the cash register and handed my dad a fist full of money. I sat quiet and drank my rootbeer while the guy pulled out a book and jotted something down. The next saturday we sat up to the bar and my dad gave him an envelope. The same on a few more saturdays, on the last one with envelopes we were treated to free cokes and a sandwich.

Years later the owner of the bar was arrested. I asked my dad why? He didn't want to discuss it. It was later in the local paper that he was illegally loaning money. $5.00 per week per thousand dollars. They had him in his book doing so for over 30 years.

The one local bank in town was behind it. The owner had to sell the bar to pay his legal costs and to stay out of jail, as he was in his 70's and not in good health.

Sharing a beer every week while making your loan payments and treating your kids to a rootbeer sure beats being judged by some &rick in a suit and mailed a coupon book to tear off and mail in.

What has happened to America is tragic.

[Venturer]

I told my wife years ago that the Government allowing the mergers of small banks into big ones would one day ruin America.

My bank got eaten up years ago, then that bank disappeared into another one and another. I got a lona from a local bank for my mortgage, so that is I had a problem I could go to the bank and discuss it. They sold my mortgage to a big bank and then it was sold again . I was never so happy as the day I paid off that mortgage.

[HereInTheHeartland]

I work for one of largest banks on the mortgage side. The regulations are a pain in the butt; and I don't see how they do anything to protect consumers.
They have taken out our competition however; as the compliance is a huge complex issue that is very hard for a smaller bank to keep up with.
Not my favorite scenario to see; as monopolies are never good.
I really have very little choice in other places to work if I would want to make a move.

[WashingtonSource]

bump

[bandleader]

Obongo Care and DODD-Frank need to be REPEALED!!!!!!!!!!!!

[AllAmericanGirl44]

bkmk

[arthurus]

I wonder how my credit union fits into this. I would go back to cash and the mattress before I would change to one of the Banks in town.