Banks

Today is the first time I have really spoke out about this problem. Though I think the protesting is over the top and they should focus there energy on educating people in a more civilized manner about the problems with banks and why non-profit credit unions are wonderful (I love my credit union). I have 2 experiences to share

1. a carefree naive 18 year old opens a bank account for depositing paychecks from his part-time job. When he makes his first deposit into his account he accidentally writes down the account number of his savings account and not the checking account number. Big problem, now every time he uses his debit card there really isn't any money there so he is being charged an overdraft fee every time. This resulted in over $1000 in fines by the time he noticed what had happened. The bank did work with him and lower the fine to about $200. Not to long later the bank got into some big trouble over doing similar things and changed there policy. (I would still never bank there even though they made it right and at my credit union your savings account backs up your checking).

2. A 45 year old has been sick most of her life. Her husband started a business about 10 years ago and was doing great until the housing market took a turn for the worst. They are not getting by. When they have an over draft with their bank they are charged a fee for each transaction everyday until more money is put into the account. There are a few steps these people have not taken that would improve their situation but that is beside my point. (guess what my credit union does not do that either).

and that is my quick little rant about greedy for profit banks.

But in the end making it more convenient to buy American made products would solve a lot of problems