by QH's Paw » Wed Jun 12, 2013 10:03 pm
I just read through all this crap here. I'm not seeing anywhere that anyone is actually defending banks and banking community. Most of you are talking about returns on your investments(some of these may be through a bank, but, I don't see that). You're still ignoring the obvious. Even those of you who are talking about no cost checking.
Ok, here it is, since it seems that it's not obvious. The bank has your money, they're using it to make money. You have been left out of that transaction, in the case of simple saving and checking accounts.
The federal reserve is the banks, not the government. Hello!
So, why are you defending the bank who is holding your money and using it to factor with? If that isn't enough, they will make a good portion off any mistake you make on your checking, fair enough. When is the last time a bank made a mistake that they gave the "customer" a payment, with out legal action first. I'll tell you.....never.
What is so secure about a bank holding my money while infaltion and cost of living rise?
AB, for the record, in Oregon, it is the law that money must be counted to the customer. The only near exception is a coin machine and that too must be visible to the customer by law. The same stands true for retail stores. They are not allowed by law to hand you your money and say "here is $101.58", they must count it in front of you by law.
