CIT, as many have suspected, is looking very hard at the possibility of bankruptcy. To be honest, I don't know how companies like this and Capmark are able to still be standing. I suppose it was because of TARP, but it seems like an awful waste to toss so much money at these companies just to delay the inevitable...
Showing posts with label Bank Stupidity. Show all posts
Showing posts with label Bank Stupidity. Show all posts
Free Checking Is A Perk?
I found this to be quite entertaining. In this day and age, banks are still trying to cart around the same old, tired products as perks. Earth to banks: It's our money in those accounts, and Credit Unions understand that. My credit union does not pedal their free checking around as a perk, they consider it a standard. The archaic banking institutions cannot seem to grasp this concept because they think in terms of fees. Here's my message to the banks: If you want to charge money for checking, then I'll take the money out of the account and get it where it needs to be myself. I do not NEED a bank to move my money for me, and if they feel they NEED to be paid for this service, then I feel my money NEEDS to be elsewhere.
http://moneyfeatures.blogs.money.cnn.com/2009/07/02/is-free-checking-on-its-way-out/
http://moneyfeatures.blogs.money.cnn.com/2009/07/02/is-free-checking-on-its-way-out/
