The banks and lenders weren't the only bad guys

You can’t say enough about the bad home loans the banks made in the recent past. Mortgages that sent millions into foreclosure. Millions losing their homes due to under water mortgages. Leaving homes worth less than the balance on the mortgage. Some call it upside down mortgages. Leaving mortgage holders unable to sell their homes in order to pay off the oversized balance. Thus leading America in to a deep recession. And, you know the rest of the story.

Well enough said about banks and mortgage lenders. They are just a part of the reckless mortgage lending. The other two parts are the more than eager housing builders and the Real Estate companies. Both pressuring and coercing the buyer to buy and build now. Ignoring the fact that many buyers really don’t qualify for a significant home loan. However, the lenders were more than willing to ease up on lending requirements while the building contractors and the real estate companies press vigorously to sell. And the end result here left the builders and real estate companies off the hook. Home Scott free.

Of course we can blame a bit on the myth that everybody should have a part of the American dream of owning a home. Under water or not. Yeah right.

My Proctologist helps me with my banking

Banking is an absolute discomfort in the rear. And, I am sure you have already noticed this pin prick to the cheeks. It has gone from a helpful service to a disservice. Switching the customer service from the customers to the shareholder. Just another way to make tons of money from our money. It all use to be the other way around.

In the case of Bank of America they want the account holder to pay for BOA’s recent failings and mistakes. Bad loans. Purchase of Countrywide Mortgage. And the list goes on. Who do they think they are? Acting more like mobster Wise guy loan sharks than a friendly neighborhood bank. “Hey Bud, I’m Veto your banker.”

I was with Bank of America a few years ago but switched to a local bank. Saving considerable money on the maintenance of my checking account. Plus they are not going to charge a monthly fee for my check card. And, I have no minimum balance to maintain.

I would strongly suggest if you have an account with one of the mega-banks to switch. Switch to a local or online bank that has no such fees as mentioned above. Yes, it might take a beit of your time to do this but it will send the Big Banks and Wall Street a message. Do it as soon as possible. Tell your big bank to BANK THIS!