I don't want to see religious bigotry in any form. It would disturb me if there was wedding between the religious fundamentalists and political right. The hard right has no interest in religion except to manipulate it. ~ Billy Graham in Parade magazine February 1, 1981.
Sadly, my little bank was a credit union up until 3 years ago when they started calling themselves a bank. They're not really on the scale of having been bailed out. They did turn me down for a loan last year, so I'll be happy to move away from them.
D0GBREATH, DOES THIS INAUGURAL GOWN MAKE MY ASS LOOK BIG?The jokes write themselves!
A run on the banks if done in large enough numbers - whether done out of justifiable fear because the financial institution is in near collapse or a purposeful run intended just to teach banks a lesson - still has the potential of having a catastrophic affect on our financial system.
Again, I understand the frustrations here, but you have to really think this through.
I have about $4k in savings and an ADB of around $700. I also have a credit card through my bank that has a significant limit (usually no balance, though). Based on the interviews, signs, and websites I've found for the 99%ers I think I'm in the minority amongst people who would be considering a move away from banks. Taking my money and running?? Chase would laugh at me. I'd be an inconsequential spec. Checking accounts without high balances mean very little to banks. They offer them in hopes you'll take on other services (re: loans, CDs) at a later date. With credit restrictions tightening, they're seeing their potential pool of loan-holders dwindling, so they're not looking at small-time account holders the same way as they used to.
I've considered switching to a CU for some time now, but only because they offer a 3.25% APR return on your ADB, and only for that reason.
Chase has always been good to me. When I opened my account with them they helped me create a system of accounts that protected me from overdraft penalities and traps, start saving responsibly and consistently, and provided all of that at no cost. I can go to them for free notary services, they provide free money orders, and they'll even void a money order at no cost to me, despite it's age/condition. They gave me the rewards debit card and waived the annual fee on it. They've waived the annual fee on my credit card every year that I've had it (it earns points redeemable with the debit card points). When I screwed up a transfer between my accounts a few years back and the online system showed that $1500 had disappeared they spent an hour with me trying to correct the issue and assured me that they would make sure that the money didn't stay "lost". They've got amazing fraud protection that I pay nothing for.
And I'm not a big spender. I'm not a high-value account holder. I don't qualify for half of their loans. Is the CEO part of that "1%"? Oh hell yeah. Do I really care, as long as I'm being treated fairly? Absolutely not. These people can argue about fair treatment all day, but it's subjective. If they feel they've been screwed over because of student loans, overdraft fees, debit card fees, whatever...that's their opinion and their choice.
But I suspect most of these people just want to penalize somebody because they're in a rough spot, and who better than the people the government decided needed more help than the lowly citizens?
"Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton