You Can Bank On It

I think your idea is a little simplistic, or that you have overlooked a few points. You start a bank. People give you their money. In return your charge them fees for keeping their money...which you also get to keep. Then the government gives you money hoping that you will loan it out to the people who's money you have...and a high interest rate which you get to keep. And then you only loan out a small portion of the money. Want to know where the rest of it goes? You get to keep that too. You definitely have a good idea, I just didn't want you to overlook any details....

Could I please be your silent partner???

No wonder we are losing jobs and we are screw big time.... It has to be stopped. I saw a video with homeless people in their 20's, while city workers search the town to help homeless people during extreme cold in Chicago. I don't know if bank owners can look at the mirror every morning...

That's a pretty good summary! I feel as if I've been held up and robbed at gunpoint--it wasn't my choice, I was forced to give my money to those people and they won't give it back in any way, shape or form. We are now at the point where we were before the American revolution--taxation without representation and that created a war for independence. Now we are in the same spot only it's our own government who is denying us our God-given rights.

I was a bank first....

Yup. It's criminal. We could all do with jumping on that bandwagon.

Makes me almost wish I'd taken that teller job my aunt offered me when I was a teen...

hi pikey wow I missed that news. oh my g.bonus payments while people here are losing their homes over foreclosures, why not have all these bloated guys fork over those bonuses to the poor people so they can keep their homes. Yes lets both start a bank, we keep the money sounds like a real bonus. he he he. Our country dads need to do a lot of rethinking here, something is definitely backwards. We need a lot of new jobs, and a way to help people to get back into homes,not give bonuses to people who do not deserve one penny of it. My son has finally got several job leads which is heartening to me. there are still many many people here that are out of work, and a lot of homes standing empty from foreclosure.

I think that is a good deal, count me in, partner.

Hey p1key! That is so not something that I want to hear! In fact, if it is true I want to go after those employees and demand that they share their bonuses with the poor people who they are screwing who have invested in "good faith" and just about "lost everything" the owned! What do you think those lazy, rich cowards would do then? Run for their miserable, lying, money sucking lives?

A week or so ago I started a discussion on which is the worst profession: bankers, lawyers, or politicians. I come down on the side of bankers. We sort of expect lawyers and politicians to be liars, but bankers still have some of their old glamour, although the last twenty years has pretty well dissipated that. I got so disillusioned with the banks that I transferred all my financial business to a Building Society bank, totally member-owned, socially involved at local level, and offering near to the best interest rates in the game, simply because their search for profits is still regulated by ethics. Perhaps we can't all do that, other countries may not have this option, but if they do, jump at it. Lash

...Hi there p1kefish, This represents the biggest con game in operation yet, in my opinion. They have got Bernie Madoff's scheme beaten by a good country mile. The fact is that the financial system in the US was on the brink of collapse, and may still go under. One-hundred and thirty-three of the banks have closed or been merged so far. That being said, we have printed money, given billions of dollars in rescue funds to the about to go under banks, and yet they come back the next year touting big profits which are the result of taxpayer money being poured into their coffers, and they give out millions in bonus money, for what. There were no profits, it was all money given to them, it is a crime. The Huffington Post and another organization have teamed up to organize a movement to get the American people to move their money from the big banks and put into credit unions and small community banks. The website for information is: www.iamanamericanus.com I am not sure that will help the situation, it may make it worse, but the American people are being taken to the cleaners. Such a disgrace. Take care.

Anger... rising. I work for a bank. I'm the little person who answers the phone and takes fraud claims. They keep me motivated with 2% raises followed by the threat of layoffs due to the economy. Yet, as per above like you say the so called big wigs are having there rectums stuffed with the dollar bills I work my a@# off daily to prevent from being stolen. Am I bitter? Duh. It's raining injustice and I can't afford an umbrella.

That would make more sense actually....I think that the taxpayers could have made better use of the money than the banks did with our tax dollars...and rumor has it another big business bail out is in the works....This is insanity at best!

It does sound like a good deal. there is something seriously wrong with such large bonuses, especially after a bail out. Are they being paid for losing money but keeping the banks afloat? Perhaps we should have let them crash and burn. After all that is what capitalism is all about, the roller coaster of market forces. I think that executive salaries should be capped. It is obscene to pay such big bonuses and then tell their non executive workforce that they must take a pay cut or the bank goes broke. When will people do something about these lies. Capitalism depends on people starving at one end while the other end is too rich. Communism is the other extreme. Neither of them work but the people in power are too greedy and self interested to ever change things. I cannot see why it is so hard to find a balance. Cap salaries at the top, make sure no one starves or is homeless. Poverty destroys people, greed destroys people. Why can we not find a healthy middle road which allows people to be rewarded for their sills and intelligence, but not over rewarded, and ensures that everyone has the basic necessities no matter what. Insurance companies are like this as well. They take tons of money for premiums and then tries to avoid paying when the claims come in. It is all greed.

It is the same here ,it makes me so cross,the tax payer bails them out they should give nearly all of it back to the tax payer .they are just greedy ,nasty,selfish people they say they have worked hard.I know a few people who would like to work hard but cannot get a job.How dare they.

Yep! & Nope! P1key! Yep! Sounds like the business to be in these days seeing as that is where all the money seems to be! Not actually In the bank but rather In the bankers pockets! And Nope! It's not just You P1key! I think most of us can see which way the wind blows...Unfortunately it always seems to blow our hard earned cabbage right into the already full pockets of the wealthy instead of where it should be...in My pockets!! ;) XXXX

Yep, owning a bank is like having a licence to print money. Even when they are losing other peoples money, they are still making it themselves!