Sande: The Onion - Responsible Man Sets Aside Small Portion Of Every Paycheck For Bank To Gamble With

Friday, October 17, 2014

Glynn Kalara said...: Isn't it the truth. I had my banks broker call me and he basically said I was a coward because I wouldn't hand over my life savings to him to gamble with. I reminded him I had given him a pretty substantial sum 4 yrs ago to essentially do just that and although markets had boomed in the mean time, only he and the people he placed my money with had profited while I had gotten squat. Worse , they made money off my money & to add insult to injury I paid the taxes on the profits I never got. So, I told him as soon as my so called investment matured I was withdrawing all my $$ from his bank permanently. I also told him NEVER ever ever to dare call me again. It was predictable that this would happen after Clinton allowed Congress back in 1999 to remove the Glass-Stegell act. ( which had built a fire wall between bank depsoits and brokerages. Once gone the thieves, con men and pirates had a field day. Without FDIC Ins. as a back stop most people's bank accounts would have already been looted by these slick MOFOS.; 4:59 PM
Jim Sande said...: Getting a good investor for yourself is probably harder than finding a really good doctor. You have to really search it out and spend a lot of time finding someone who knows what the hell they are doing and explains fees etc etc. Investing is a tricky thing but who can live on the interest that banks deliver now on a savings account? Nobody.; 8:18 AM

Sande