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Reply #1: I haven't done business with a major bank in many, many years... [View All]

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Rabblevox Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-24-11 03:15 PM
Response to Original message
1. I haven't done business with a major bank in many, many years...
I actually have two accounts, one in a CU and one in a small local bank that is serious about re-investing in the community.

Your suggestion is spot-on, and I'm constantly surprised that more people don't know they have options away from the big banks.
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  -I can think of one way where giant banks can be brought down to size. If only a quarter Cal33  Sep-24-11 03:06 PM   #0 
  - I haven't done business with a major bank in many, many years...  Rabblevox   Sep-24-11 03:15 PM   #1 
  - I also had two accounts. One in a large and one in a small bank. The  Cal33   Sep-24-11 04:23 PM   #7 
  - Good suggestion - using credit union when possible.  Liberal_in_LA   Sep-24-11 03:55 PM   #2 
  - I finally got tired of the BofA and closed my account.  Dyedinthewoolliberal   Sep-24-11 03:59 PM   #3 
  - If you could get 50,000,000 people to do ANYTHING it would have an impact...  brooklynite   Sep-24-11 04:18 PM   #4 
  - Let's talk about the 5 biggest banks. 50 million would mean 10 million  Cal33   Sep-24-11 04:32 PM   #8 
  - Credit union accounts are not insured by the FDIC  FarCenter   Sep-24-11 04:22 PM   #5 
  - Thanks for the info. I will try to read the small print with a magnifying glass.  Cal33   Sep-24-11 04:36 PM   #9 
  - However, those of us old enough to remember when Illinois Continental bank went down, it was said  truedelphi   Sep-24-11 05:40 PM   #16 
     - Could they go down in size without being totally bankrupt?  Cal33   Sep-24-11 05:48 PM   #17 
     - FDIC can borrow considerable sums from Treasury  FarCenter   Sep-24-11 08:13 PM   #21 
        - I am imagining many of these maneuvers exist to help out banks.  truedelphi   Sep-25-11 02:01 PM   #24 
  - One small correction - Credit Unions are not covered under FDIC insurance.  Ruby the Liberal   Sep-24-11 04:22 PM   #6 
  - Thanks for the info. I will read up on NCUA.  Cal33   Sep-24-11 04:43 PM   #11 
  - BANK=GOP DONOR.. Small banks also bad for the USA  sam11111   Sep-24-11 04:41 PM   #10 
  - Also:the Private Sector is moving jobs to India..and PrivSector causes recessions  sam11111   Sep-24-11 05:04 PM   #13 
     - Thanks for the info. I'll have to read up on co-ops. I'm familiar with the word  Cal33   Sep-24-11 05:39 PM   # 
     - Thanks for the info. I'll have to read up on co-ops. I'm familiar with the word  Cal33   Sep-24-11 05:39 PM   #15 
  - Unfortunately the GoDirect debit card from Social Security has me  jwirr   Sep-24-11 05:03 PM   #12 
  - My folks have their accounts with a credit union and ...  prairierose   Sep-24-11 07:21 PM   #18 
     - Like the homeless I have economic reasons (a default) that made  jwirr   Sep-24-11 08:09 PM   #19 
  - Loan rates are super low at the Credit Union. Chase claimed they  sarcasmo   Sep-24-11 05:12 PM   #14 
  - Our money is with our local credit union. (nt)  rbnyc   Sep-24-11 08:13 PM   #20 
  - The more I think about this, the more I like it.  Fire Walk With Me   Sep-24-11 08:14 PM   #22 
  - Great! And please help spread the word.  Cal33   Sep-25-11 06:19 AM   #23 
  - Nationalize the banks....  Bigmack   Sep-25-11 02:13 PM   #25 
  - You Introduced me to "Occupy Wall Street"  oldlib   Sep-25-11 07:39 PM   #26 
     - Have been googling for more information. Haven't got much of the latest, but "Occupy Wall Street"  Cal33   Sep-26-11 08:36 AM   #27 
 

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