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billgreenjeans
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On the Unsuccessful Efforts to Reach Out to the “Unbanked

- Tim Iacono -

I know the banks never considered other possibilities such as:
1. Banks are not trusted by people in general.
2. Snooping government agents can easily intimidate banks into giving out a lot of personal information and participating in illegal levies and seizures.
3. There is no bank privacy or secrecy and hasn't been for a very long time, at least 35 years.
4. Banking is not a personal business activity any more. Automation and hoop jumping are the order of the day.
5. Banks have had a history of forging deceased clients names to bank loan notes after the fact to present to the probate courts for collection.
6. There are probably dozens more, however being associate with the Federal Reserve does add an organized crime/RICO flavor to all their other faults.

Commented 4246 days ago

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Beginning of the headline :America’s banks and its chief regulators, the FDIC (Federal Deposit Insurance Corporation) and the Federal Reserve, continue to fall well short of their presumed goals of having everyone in the country hooked up with a banking institution of some sort, at least judging by the rising ranks of the “unbanked” per this report(... Read More

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