Posted by trel on July 27, 2001 at 13:11:03:
Hi JT,
Thanks again for another thoughtful response.
Perhaps you’re correct. Perhaps its the volume of these
unfair cases that drives me crazy. Perhaps I’m just
looking to see a more level playing field.
And yes, I agree… leasing a $400/month SUV without
taking care of the basics first, like health insurance,
is nuts.
You’re right again… “survival of the fittest.” I just
wonder if that’s the best we can do in America. Seems
to me we can do better than that… and in general,
its a lousy way to operate. The burden on consumers
today is overwhelming… but I’ll save that thought
for a future rant.
Savings rates are dropping, credit debt keeps
increasing. Part of the American Condition. (sponsored
in part by your favorite lending institution)
Let’s not forget that it was the banking industry that
lobbied (paid off and granted favors to) Congress to
reduce restrictions (for their benefit) that brought
us to the S&L crises in the '80’s. I’m sure most in
the industry still have their jobs… no significant
loss to them. Yet, because of one industry’s greed, it
ended up costing you and me (and everyone else), $506
Billion (with a BIG “B”).
I wonder if a banker who received a dehumanizing,
insulting call from some snot-nosed punk threatening
to foreclose if he didn’t pay up… would have a
slightly different view on the matter?
I’m all for capitalism and corportate profits. Perhaps
I just get tired of the incredible imbalance in the
effect and negative consequences that the consumer
alone seems to shoulder.
You are aware I presume, that the industry now has
proposals in front of the Fed Reserve and the Dept of
the Treasury to allow banks into the real estate
brokerage business? Like it or not… it will happen.
Just my opinion, but there are a couple of areas in
American life that are just disgusting… like banking.
ATM’s weren’t created for your convenience, they were
created to reduce the bank’s expenses, less labor, etc.
Once we got hooked on them, they started charging fees,
claiming again they take losses on the upkeep. Well,
what’s it going to be… savings or losses? The answer
apparently, is whatever is convenient for the bank at
the time. Did you know that some banks charge you to
walk into their branch to make a deposit? Let me say
that again… they Charge You to make a Deposit in
their bank!! Think about how insane that is. Or how
about you select a bank to deposit your hard-earned
money in… but before you can open an account, they
want you to agree to a credit check! What’s with that?
A credit check to deposit your funds in their bank?
That’s down right insulting!
Like I said before… it seems only the banking
industry gets to whine about their losses. For the rest
of us millions of people in business, we just have to
suck it up.
Meanwhile, I’m done ranting. Just one remaining
question. What are you doing gabbing with me over
issues like this, when you should be enjoying your
beautiful vacation?
Thanks again,
trel