Bank of America / UPS Go Their Separate Ways

[Thebrownblob]

Credit unions are NOT what they used to be.

There is a few left, but they will fall. There really is no way around it. The currency is their sandbox and we’re just playing it.

 

[...]

The banks would all rape us if it weren't for government standing in the way. But you might think that's a commie way of looking at it.

See: FDIC... Wells Fargo restitution...

Isn't that our risk to take? I never asked nanny gubmint to "protect" me.

 

[Thebrownblob]

Isn't that our risk to take? I never asked nanny gubmint to "protect" me.

Wasn’t that nice of them to “protect us” after they took us off the gold standard and our money is just pretend.

 

[DOK]

View attachment 411406

Does this mean UPS will come out with their own credit card?

What card are we speaking of?

 

[Over70irregs]

Mine's woke af.

I would close my account but where would I go? Direct deposit is mandatory where I am.

Swan app

 

[Over70irregs]

Wasn’t that nice of them to “protect us” after they took us off the gold standard and our money is just pretend.

January will be ugly. Pensions are at risk of contagion. RE, bond, private equity will get margined called.

 

[Thebrownblob]

January will be ugly. Pensions are at risk of contagion. RE, bond, private equity will get margined called.

Pensions and Social Security benefits will be the first thing to get In with CBDC there’s a reason the government bailed these pension fund out. It’s always a carrot with a hook.

 

[Next Day Error]

Isn't that our risk to take? I never asked nanny gubmint to "protect" me.

Trust me, I’ve studied enough of the pure chaos of the before-times to know how insane it is to have all these banks issue their own currency and for there to be no rules. You don’t wanna live in that world.

 

[Jackburton]

Imagine signing up for a UPS CC when you could milk so many other CC for rewards.

 

[542thruNthru]

NFCU!

 

[Over70irregs]

Pensions and Social Security benefits will be the first thing to get In with CBDC there’s a reason the government bailed these pension fund out. It’s always a carrot with a hook.

Man….. your right. Will absorb like a sponge.

 

[govols019]

Imagine signing up for a UPS CC when you could milk so many other CC for rewards.

You think the UPS card doesn't have rewards?

 

[Over70irregs]

You think the UPS card doesn't have rewards?

Just more stops is the reward

 

[DriverNerd]

What card are we speaking of?

 

[Jackburton]

You think the UPS card doesn't have rewards?

Compared to tons of other cards, no. Name me any category or reward type and I’ll beat it with a better card.

 

[Over70irregs]

Compared to tons of other cards, no. Name me any category or reward type and I’ll beat it with a better card.

Fold app…….. now go…

 

[govols019]

Compared to tons of other cards, no. Name me any category or reward type and I’ll beat it with a better card.

How many cards do you have?

 

[IVE GOTTA PACKAGE 4U]

How many cards do you have?

What's on your wallet?

 

[Over70irregs]

Debt….

 

[some1else]

The banks would all rape us if it weren't for government standing in the way. But you might think that's a commie way of looking at it.

See: FDIC... Wells Fargo restitution...

FDIC guarantees your bank account up to something like 250,000?
Let me propose 2 scenarios
1. You bank account is not guaranteed by the government
2. It is
In Which of these scenarios would you do more due dilegence in the banks business practices, reputation, risk taking etc.
do you think some of the bad behavior like the sub prime loan stuff would be able to happen if people had any concern their deposits were at risk?
Does fdic insurance really protect the consumer or just let the banks engage in riskier behavior?