No More Free Checking!

Posted by Thraxxus on Nov 11th, 2009 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry from your site

This story cracks me up. Why?

Banks used to store money for people so that the Bank could lend out that money and make its own money. In effect the person who put their money in the bank was paid an interest rate on that money so that the bank could use it to make its own money. Seems logical. Now Banks charge you for the exact same service. Think that through. The bank is basically borrowing money from you, and charging you to do so, so that the Bank can lend that money to someone else to make even more money.

Who has it tough again?

Leave a Reply