Fed-up consumers planning for 'Bank Transfer Day'

AP ^ | November 5, 2011 | Candice Choi

[LomanBill]

Not every Credit Union is a model for conservative fiscal (or social) policy...  remember Franklin Federal Credit Union in Omaha?

 

http://en.wikipedia.org/wiki/Franklin_child_prostitution_ring_allegations

 

In many communities there are small banks who did their due diligence, exercised proper fiduciary responsibility, turned up their nose at the sub-prime bait -- and thus had no need for AND DID NOT RECEIVE any TARP funds.

They and their depositors are muddling along just fine.

 

Smart consumers will be able to seek them out. Others, not so much.

 

I know my deposits are safe; and I’ve no credit problems, either. I have no debts because I do not buy things unless I can pay for them.... and my wife and I ate a lot of chicken and hot dogs whilst SAVING the down payment for our 1st home. 

 

That reality is largely due to growing up in a Law Enforcement family whose members demonstrated and taught hard work, financial responsibility, and prudent use of credit which, if not used with care and restraint, will eat the abuser alive and possibily deposit their brains all over the kitchen ceiling.

 

So sit on it and spin, ACORN.

" Uhhhh, that's not ours either! "

---Weiner, Obama, Perry, Pelosi, Frank, Pritzker and Associates, LLLP.

 

And have a nice day.

[vette6387]

“I left B of A in the mid sixties, Wells Fargo in the early seventies, Mrs Patriot left (the bank, not me) in the late seventies, and we haven’t banked with ANY large bank since.”

We have tried that several times, but each time we moved to a local bank, it ended up being bought up by the bank we had left. Same story with refis. Wells Fargo would not give us a competitive refi so we wen to a broker and got a good deal. Two months later, we were back with WF. These bastards won’t give you a decent deal, but they seemingly are perfectly willing to “buy” your new loan from the broker. Time that the big commercial banks were broken up along with the likes of Goldman Sachs, and at the same time we should round up Chris Dodd and Barney Frank and put them away for a long time. They are equal partners in the banking scandal.

[Navy Patriot]

Yep, I got bought by the big guys in more than banking, several times myself.

Fortunately I had good advice and policy in loan contracts, no prepayment penalties ect.

I just refinanced or transferred out again, pronto.

The rub comes when they manage to kill or regulate to death the free market competition and ya got no place to go.

It's government meddling in the market that often causes the need for refinancing, funny how throwing taxpayer cash at something reduces stability.

I'd put Dodd-Frank in prison until the next ice age along with a bunch of other government officials as well. I can't see negatives for bustin' up the big banks, just more competition.