{"id":31091,"date":"2009-11-14T08:45:26","date_gmt":"2009-11-14T14:45:26","guid":{"rendered":"http:\/\/dyspepsiageneration.com\/?p=31091"},"modified":"2009-11-14T08:45:26","modified_gmt":"2009-11-14T14:45:26","slug":"honest-services-from-bankers-increasingly-not-likely","status":"publish","type":"post","link":"https:\/\/dyspepsiageneration.com\/?p=31091","title":{"rendered":"Honest Services From Bankers? Increasingly Not Likely"},"content":{"rendered":"<p><a href=\"http:\/\/www.newgeography.com\/content\/001194-honest-services-from-bankers-increasingly-not-likely\" target=\"_blank\">Read it.<\/a><\/p>\n<blockquote><p>Need more reasons to demand honest services from a banker? Try this list:<\/p>\n<p>1. Congress raised the FDIC insurance to $200,000 to make depositors comfortable leaving money in banks; then the banks passed the insurance premium on to customers \u2013 including those that never had $200,000 cash in the bank in their lives and probably never will. Seriously, how much money do you have to have before it makes sense to have $200,000 in cash in a savings account earning 0.25%?<br \/>\n2. Banks can borrow at 0% from the Fed yet they raise the interest rates they charge even their best customers. The bank I use for my company willingly lent me $10,000 last year to open a new office and approved a $7,000 credit card limit. Last month they sent me a letter saying they are raising the interest rate by +1.9 percentage point \u2013 though I have never missed a payment deadline.<br \/>\n3. The banks can use our deposits to purchase securities issued by the Federal government, which are yielding better than 3 percent. They pay us about 0.25 percent yet still find it necessary to tack on a multitude of fees \u2013 which amount to 53 percent of banks&#8217; income today, up from 35 percent in 1995.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Read it. Need more reasons to demand honest services from a banker? Try this list: 1. Congress raised the FDIC insurance to $200,000 to make depositors comfortable leaving money in banks; then the banks passed the insurance premium on to customers \u2013 including those that never had $200,000 cash in the bank in their lives [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-31091","post","type-post","status-publish","format-standard","hentry","category-dystopia"],"_links":{"self":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/31091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31091"}],"version-history":[{"count":2,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/31091\/revisions"}],"predecessor-version":[{"id":31093,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/31091\/revisions\/31093"}],"wp:attachment":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}