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Are Banks the New Used Cars Salesman?

We all know that used car salesmen and lawyers are typically at the top of the list of people we don’t trust or like and I now am adding banks to the list.

We all know their tactics for providing low/no service and the fees they charge for everything (a rumor that pay toilets are coming to a bank near you anyone?).

But now this article comes along and we see how the banks are even more sleazy than ever.

And what about all the bailout money? We still don’t know what the banks did/are doing with that.

I hope our new President can get the much needed reform in this area done quickly.

Comments

I would say YES THEY ARE and in my view they are worse than used car salesmen because at the end of that transaction - at least you get a shitty car out of it.

Dealing with banks - you get nothing.
There is that, but you are totally unfair to the banks - I get a bag of popcorn when I go to the main bank :-)
Several people that we know are pulling large portions of their money out of banks. Pretty scary.
We actually are taking a chuck of cash out to have for emergencies; so we can buy food, gas and pay for necessities for a few months in case something weird happens.

FDIC will cover you but it can take a couple months.

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