Government dishonesty destroying our faith.

The Government dangled some carrots in front of embattled home owners. Now we know it was another scam to aid the banks. Read this article.

Banks can't even stick to what they agree on

You can bet that if there were a profit in Loan Modifications that banks would be falling over themselves trying to get things done. They banking industry has gone from making profits important to making them there only priority. Read the rest here.http://wallstcheatsheet.com/stocks/bank-of-america-and-wells-fargo-accused-of-putting-profits-ahead-of-people.html/

DON'T GET COMFORTABLE!!

The banking industry hasn't changed much. It's getting ready to crash again. Follow this LINK to stay informed.

A Blind Eye

The only time you see any repentance by the banking industry is when they get caught. Check out this news item on Discover Bank. Beware the banks.

Insurance companies inflate replacement costs of homes.

I recently moved and applied for new homeowners insurance. I was shocked to get a quote with the ERC (Estimated Replacement Cost) of $262,000. When I was able to lift my jaw from the floor. I decided to do a little investigating. I know that market price and replacement cost are not the same thing so I went online and found a site that would allow me to calculate the cost of building a new house similar to mine. I was somewhat detailed and took only a short while to get the cost to build a similar house to mine. My suspicions were reinforced. I would expect differences in different estimating systems, but what I found was staggering. My online estimate was over $100,000 less than the insurance companies. Does this sound familiar? Housing market? Inflated home values? This is just another way to pick the pockets of the public I have wrote the insurance department of my state and I encourage you to do the same. When are these people going to learn that free enterprise doesn't mean scamming. There are class action law suits .in other states. The financial industry needs more stricter regulation.

Capitalism Run Amok!!!

I have experienced the cutting edge of greed while working in the banking industry. Capitalism without moral controls is nothing more than legal robbery. Read this article  Goldman Sachs Predator . It isn't just Wall Street it is large corporations in general.

BOA not charging $5 for debit cards another DUH momment for banking.

 Why is it that highly paid bank executives have cognitive issues? Let's take a walk through logic land and see how big cheese bank executives arrive at the $5 debit card fee.

*Damn banking regulations no longer allow us to charge ridiculous rates on Credit Cards and other accounts.
*Let's take advantage of a loop hole to make up what we lose by charging $5 for the use of a debit card.
*It doesn't matter that we would be the only one doing it because our customers are so pathetic that they will just pay it and stay with us.
*Make sure we don't consult anyone that will disagree with us because we are much more intelligent than everyone else.

Of course this is not exactly what they say it is a much more convoluted process. There are studies and spreadsheets and analysis that go into all this. The problem is they are just using it to justify what they are going to do anyway. It just makes it look good. Here is the simple logic that almost always eludes them.

*Why would our customers pay $5 for something they can get for free anywhere else, DUH?

You have to know that someone said that in a meeting and that person was blown off and labeled "Not a team player".