Banks used to GET robbed
The following is an excerpt (updated March 02, 2020) from my book Solutions: Enough complaining. Let's fix America, which can be bought at the links listed below. “What purpose do banks serve to the masses anymore?” Do banks pay any interest these days? Or, more accurately, do they pay appreciable interest that helps the communities in which they reside. How does one benefit from a savings account today? At least with a checking account, paying bills is made easier, but is convenience the only standard that we should have for banks? Aren’t banks and all businesses as much a part of the community as any individual living within that community? While the corporation under which a particular bank may operate may be headquartered in some other state, the people employed in a local branch live in the communities in which they work. And, as members of the community, how do banks treat the rest of us? In my own perso...