1 post tagged “savings”

Well I really feel stressed today with the markets acting down and I happen to work for a bank.I have to think that i could lose my job any day now. now that's not unusual for people in banking but it really is bad today.Banking is the target of bad decisions,congress,the Fed and anyone who now has an unpaid mortgage or bad credit card debt.You would think that that was everyone today with all of the bad news we see in the media.

Now despite tons of wisdom and history behind them bankers constantly make the same mistakes and we have plenty of customers willing to do the same thing. i have lived with these mistakes my entire time working for banks and it seems that every ten or twenty years these mistakes jam up the banking system and ruin many many lives.

I say that when this is over we should insist that kids get a proper education on saving and discreet use of credit.
In fact I would go so far as to make sure that new banking customers receive,actually be made to take a course in correct use of credit and proper savings techniques.In other words,you either take the course or you do not become a customer of the bank.Believe me a little more tough love and we do not have these problems we see today.

Ger