mint.com — It?s no secret that the last few years have been brutal for the banking industry. But nothing paints a better picture of the industry?s carnage than our latest infographic on bank closures over the past 10 years
Jun 15, 2010 View in Crawl 4
xel565Jun 16, 2010
@CrazedLeper, Yeah they expose people to foreclosure, not the people that requested money to borrow and then didn't pay it back. Must be the banks fault. Banks provide the capital for investment and business creation. Without them people would have to have the money on hand to start a business. They also pay your wages since payrolls are done via commerical paper (short term loans). Most people wouldn't own (buy) a home until they were about 50. I'd say banks do a lot for society. Of course you wouldn't know any of this because you have no idea what you're talking about.
syberiantigerJun 16, 2010
This made me hungry for popcorn.
thegreatgazooJun 16, 2010
Atlanta grew like a weed in the 90s and 00s and developers concentrated on building $300k-800k houses financed with exotic mortgages. I know several people with big houses and no furniture.
thegreatgazooJun 16, 2010
You have a choice - join a credit union. When Chase bought WaMu it was one of the first things I did. Especially when the 'savings' rate went from 3.5% to .3%.
derangedpenguinJun 16, 2010
Democan Republicrat plans for a fascist banking system are working out pretty good. "Eeeeexccccellent" George "Mr. Burns" Soros
diguptruth77Jun 16, 2010
Yep, Boeing Employee's Credit Union FTW.
xel565Jun 17, 2010
Well Addiktion, then your problem is with the Federal Reserve system, not banks themselves. The only reason our system is based on debt is because we changed the backing of the currency in 1913 through 1970ish once Nixon finally closed the gold standard door. Of course you already know this. What you missed is that at the end of the year after expenses are paid the FED returns any leftover money to the Treasury which they then use for govt spending.Also what do you mean the rich aren't providing anything for society? Without their investments/savings capital would not be available to companies to expand, do R&D, etc. In fact, I bet you work for a rich person. And to be perfectly honest, most rich people did not start out that way so I think the system is perfectly fair. It rewards those that provide something of value. Those that consume things are the ones that lose money.You shouldn't lump all rich people into the Bernie Madoff group. Banks aren't the issue, our system of money is.