Move Your Money to a Community Bank

Hello, I’d like to take a moment to address the millions and millions of you all across America who are currently stuck in an abusive relationship.

Now I know what some of you are thinking: Who is Bill Maher to give me relationship advice?

But that doesn’t mean I don’t know a dysfunctional relationship when I see one. Especially when it’s staring me right in the face.

You know who you are. Those of you staying in a relationship long after it’s turned bad. Sticking around despite the abuse — even as it’s gotten worse and worse over the years. Sticking around only because it seems easier than breaking up — and besides, where else are you going to go?

That’s right, I’m talking to all of you that keep doing your banking at the giant, too big to fail, Wall Street banks that brought our economy to the brink of disaster, were rescued by trillions of dollars of our taxpayer money, then paid us back by using that money to hire lobbyists to convince our lawmakers in Washington to kill financial reform.

They took our money… but cut back on lending.

They took our money… and made record profits — and paid themselves record bonuses.

They took our money… then returned to the risky behavior that led to the worst financial crisis since the Great Depression, with record unemployment, bankruptcies, and foreclosures.

They took our money… but kept on with all the greedy, abusive, ruthless, and cold-blooded practices that have earned them untold billions of dollars a year — year after year after year. Things like charging you outrageous fees for anything and everything, jacking up your credit card interest rate to 30 percent for being late on one payment (it’s a good thing sodomy is legal!), and refusing to renegotiate your mortgage after the housing bubble they helped create burst.

more….

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Tagged as: Bill Maher, Business cycle, Financial crises, Interest rate