Posted on 03/15/2023 3:18:26 PM PDT by dennisw
I’m glad you’ve had good luck with them.
It’s very frustrating when you have problems with your bank.
I had one B of A credit card through AAA. Last year Comenity took it over.
My in laws did that, it’s a real pain when they die for kids to use the cash, fyi.
Bad move for the bank customers.
One of the still existing small town banks would be a lot better move.
Big means cold and treacherous.
But then everyone is against the bailout. The bailout’s entire purpose is to let people know that their money is safe even in smaller banks.
Have been doing accounting for over 65 years.
WILL NEVER HAVE A B OF A ACCOUNT
Yep. Social credit scoring.
Been using credit unions (only) since around 1980.
I NEVER use a bank.
THANK YOUR LUCKY STARS
ESG is the path to ChiCom Social Credit Scoring system.
Many banks and Investment firms are touting ESG, but under neath that is the ChiCom Social Credit scoring system. I’ve already had a really bad experience with a well known insurance dompany who chose that path. It took me 3 years to determine why their underwriters treated me so badly. I was told at the time by the local agent that the district office was on their third underwriter in 4 months. (Terrible turnover) Now it came out they did not like my ChiCom social credit scoring number.
That is all right. I went down the street with my business.
Now I find the replacement insurance company is ESG too.
The Texas Legislature is investigating that industry and ESG. Some have proposed outlawing underwriting by the ChiCom Social Credit System. Surprise, Surprise.
Yes, if you were holding money for months at a time, that would be a good strategy.
But most of these depositors will be companies who need the cash management services a bank offers - they have to do payroll, accounts payable, and accounts receivable. Money is constantly flowing in and out. For that, you need a bank.
I agree. Too many indicators of weak financials everywhere. Biden giving stimulus handouts that caused high inflation, then the Fed hiking interest rates to tamp down runaway inflation, then banks stuck in the middle with long-term holdings that get sold off at a loss when their balance sheets are in deficit. Companies are doing mass layoffs due to slim profits. Workers losing jobs and getting lesser jobs with fewer benefits. Meanwhile corporations are about to be hammered with higher taxes that they'll pass to customers furthering inflation and job losses. Property and car sales being hammered. List goes on and on.
Things will be bad by end of year, and really bad next year.
Yes. There’s only so much we can do. We take a leap and hope
things turn out alright. Thanks for your comment.
Who penned that?
What about U.S. Bank?
Perhaps... Their politics are irrelevant to me, but I’ve had several million with them for more than 25 years without a single error.
Go to a Credit Union instead of a bank. They are member owned. Left the banks in 1996
Paddy Chayefsky
many thanks for the link!
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