Friday, January 8, 2010

Fighting Back

I’ve been waiting to see the money shoveled into the yawning orifices of America’s corporate banks returned to taxpayers in the form of increased lending.

But a funny thing happened on the way to the recovery: it hasn’t happened.

Those gosh-darn banks kept the money for themselves. Can you imagine?

God knows there’s not enough to go around. Even Wells-Fargo CEO John Stumpf indicated as much through his observation that the minimum wage is just too high, and needs to be lowered. How’s a poor CEO supposed to feed his family when he’s paying the rabble manning his counters nine-dollars an hour?

I mean, where are our priorities?

Since our fine and upstanding corporate banks have decided to follow the lead of our just-say-no congressional Republicans, it’s time we make the ultimate bank withdrawal and move our money to banks that care.

Those would be neighborhood banks, whose first priority is usually re-investing in the community, rather than in their CEOs and executive boards.

If you’re any kind of lover, you know it’s only right to take care of your partner. To pleasure him or her as you’ve been pleasured. And as lovers, American consumers have been woefully negligent. We have selfishly and wantonly stolen our bank's love without so much as lifting a finger in reciprocation.

And that needs to change.

With this in mind, I suggest we respond in kind. That we love our corporate banks as they have loved us. Vigorously. Thoroughly. Passionately.

We took care of Wall Street. We took care of our behemoth banks. Then we took care of our automakers. Now it’s time to take care of ourselves.

If we don't, no one else will.

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  1. I have moved my money to USAA Savings Bank, which is a bank out of Texas that was set up specifically for military people and their families. Not only can I make deposits from home and the money is in my account INSTANTLY (unlike the 3-4 day waiting period of most large banks), but they have free services. They didn't receive federal funding, and they don't waste all their money on advertising. Though I fully understand that banking is a business, I like banks that aren't always out to screw me.

  2. I am in complete agreement. (And thanks for commenting.)