Posts Tagged ‘banks’

The BANKS are royally Screwing us AGAIN

September 19, 2010

I am NOT a mathematician, but one of the good things about using a computer is that you don’t have to be, to get the figures you may need.

Just for fun (I don’t think it was for me to get pissed off) I decided to do a bit of multiplications.

My husband works out of town because the unemployment in our town is fifteen percent. That is just the number of folks who have unemployment coming- doesn’t count those who don’t qualify.

Today he needed more cash than his normal “weekly pittance” he allows himself; he actually doesn’t even get to see his check as it’s deposited on line and before too long, it’s all gone to pay bills.

Anyway, because our local bank doesn’t have a branch where he is, it was necessary to pay ATM fees. Bank of America where he got the cash charged $3.00. Our bank charged $1.50, so the total to get his money was $4.50 for one transaction.

It got me to thinking. There are 310,281,438 people in this country as complied by the 2010 census. Let’s just use REALLY modest figures….. probably way low!

If just 150,000 people needed money in the same scenario, just 300 days out of the year, the total money coming in to the two banks would be $229,500,000.00!! That’s pretty eye opening to me.

I think the number of people who need to get money this way would actually be much higher – and most likely every single day of the year.

Let’s see – citizens bailed out the banks and the middle class has vaporized. Foreclosures have never been higher and unemployment is higher as well.
My husband and I have been struggling and kept our credit scores very high. We have never been late on a payment, and he is working. We have tried to refinance our home three times and have been told – we don’t qualify! We have to be late, or in foreclosure. Kind of takes the motivation out of being responsible citizens.

A very honorable mortgage lender told me, that the banks are not refinancing much at all now. Aren’t we glad we bailed them out so they could, once again, say?


Think I’ll just take a breath and enjoy the company of my beloved husband this day and a half he is able to have off work and spend time at home.

Oh yes, almost forgot, looks like he’ll be laid off at the end of the month.