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More Americans opting out of banking system

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posted on Sep, 14 2012 @ 07:56 AM
reply to post by St Udio

myself... i see BoA going down the tubes, thats why i moved my free checking to a local CU.
to their credit, BoA dropped the minimum balance requirement because i had a monthly direct deposit based checking account...

Wrong BOA is on the up swing. They are clearing the books at a measured pace.
Even the stupid government is turning a huge profit from AIG.

But - i have a very real dread that the brokerage part of BoA will soon make all the depositers account money available to the investor section (merrill lynch) as the collateral necessary to cover the derivatives that will become due...

Wrong again. Especially after the MF Global incident.

Bad financial decisions based on silly fears.

Rich people don't get filthy rich by sticking their heads in the sand.

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