Should keep this in mind next time they need a massive bailout
this post was submitted on 27 Sep 2024
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There should be no bailouts without an equivalent equity transfer from the bailee to the government
There should be no bailout. Only buying in
In New York 2140 Kim Stanley Robinson describes the government telling banks that if they want to be bailed out the money spent will be a buyout of the bank, and the government will run it as a credit union.
Seems like the best solution.
I think the bank would operate better if it was nationalized.
To say nothing of how gross that man is.
I love how every major bank came together to create an alternative to Venmo, but somehow it's objectively worse. It's not like Venmo is this grand fountain of quality either.
Zelle, owned by Early Warning Services, LLC, owned by Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, US Bank, and Wells Fargo? That Zelle?
Shit sucks don’t use it
Zelle is such garbage.
I found out on one bank site that if you filled up all the phone number slots with bogus phone numbers, Zelle couldn't be activated. Basically try to logjam your bank so Zelle can't be enabled, so that way it's more difficult for haxx0rs to do it.
Stupid. Wish it could be 100% blocked on bank accounts if you don't want to use it as it is a huge security hole.
Anything to avoid being a decent human being...
Lol they'll charge customers more if they get regulated. But that means they think customers would pay it, which means they think customers could be paying it now but aren't, which means they aren't generating as much revenue now for their shareholders as possible, which makes them a Bad Corporation.
first thing im doing with a time machine is taking care of james piermont morgan