
New ATM Fee: Do you accept the $200 Billion Charge?
Would you accept such a thing? Would you pay $200 to get $20 out of your account. Well, in my opinion, if you're fine with the bailouts and TARP you must be more than happy to grab your ankles. I know I'm just one person and there's not a lot I can do about this. Or is there?
I mean, why would I entrust what money I do have with someone stupid enough to 1) Let the government into the front door to run my business, and 2) have so little knowledge of financial history and what Nationalizing banks can do to totally destroy an economy, or at a bare minimum.... your business. So I take these simple things into consideration. And I go to Chase.
Chase no longer has any of my money.
I find a bank that didn't get suckered into a bailout. Or a bank that was run by people that were at least not so stupid to think that if you're bailed out by someone, or something, that there will not be some long strings attached. And let's not forget about this little word, "Responsibility". Amazing what that can get you in life. Quite a bit really.
I mean, I can't tell you what to do with your money. I'm not a financial advisor or anything. I'm just a simple guy. And if you were to go to one of these banks I can't tell you what to say to them or what you should do. Although I can say that you'll get an interesting response if you're honest. :)
I hate to quote this site, it's CNN but they do have a nice graph of some banks run by people that make me wonder if they're even capable of operating a calculator let alone a bank. Bailout Recipients
And if you're totally biased like I am and hate giving CNN even one hit on their web site, I made a PDF version and Excel version for your viewing pleasure. They state that the data came from the US Treasury Dept.
I am working to compile a list of non-bailout banks for your pleasure as well. If you know of any please send me their name, address, URL, etc. so I can add them to the list. Call it my little contribution to support people leading financial institutions that actually do a good job. Email me at zaphod@zaphodsplanet.com
NOTE TO BANK CEOS
If you got suckered into the $ and are trying to give it back. And they aren't letting you... for God's sake... grow some Man! Get together with some other companies and sue them. I'm no lawyer but some of this seems a bit on the "Unconstitutional" side of the law. And I'm sure your sudden lack of cowardly behavior would be instantly rewarded with more customers and a higher share price. But, I'm just some crazy dude with my opinions.... what do I know?