Obama tells banks: "We want our money back"

[YoUDeeMan]

Well you are an idiot then. Have you ever heard of credit unions? I don't know bout your community, but credit unions are rapidly taking over and offer competetive or better rates, better service and they ultimately benefit the community you live in.

Also, Newton, all the banks mentioned as targets for the tax saw their stocks rise or not change after the announcement. Most industry analysts describe Obama's proposal as expected (by the banks), manageable and most deserved by the pricks who caused the mess in first place.

Where do get your info?

D....as a former banker who's come over from the dark side....a banker who "saw the light" 15 years ago and became a credit union employee, I applaud your enthusiasm, but question your intelligence.

Myth: "credit unions are rapidly taking over." In 1993, the credit union market share of financial institution assets was 6%. At the end of 2007, the credit union market share of financial institution assets was.....you guessed it.....6%.

While you are absolutely correct that credit unions offer better rates, better service and benefit the community in which they serve, it's a known fact that what's MOST important to the American consumer is CONVENIENCE---translation: a branch on every corner. Credit unions do not have, have never had, and never WILL have the kind of brick and mortar locations that the biggest banks (Chase, Citi, B of A, Wells Fargo) have...There's a REASON banks retain their 94% of marketshare.

I'm afraid cluck u is right on the money here. LEMMINGS, all of them.

Game. Set. Match.

Cluck U wins...yet again (not as though it was unexpected)!

DB1 loses. Quite the passionate man, DB1, but he keeps forgetting to include facts in his fun filled presentations. DB1 can see Russia...errr, credit unions...from his house, and then decides he can speak for the masses. Now if we can just get him to enter a swimsuit competition and pose with a gun he'll be qualified to run for office.

[CID1990]

D....as a former banker who's come over from the dark side....a banker who "saw the light" 15 years ago and became a credit union employee, I applaud your enthusiasm, but question your intelligence.

Myth: "credit unions are rapidly taking over." In 1993, the credit union market share of financial institution assets was 6%. At the end of 2007, the credit union market share of financial institution assets was.....you guessed it.....6%.

While you are absolutely correct that credit unions offer better rates, better service and benefit the community in which they serve, it's a known fact that what's MOST important to the American consumer is CONVENIENCE---translation: a branch on every corner. Credit unions do not have, have never had, and never WILL have the kind of brick and mortar locations that the biggest banks (Chase, Citi, B of A, Wells Fargo) have...There's a REASON banks retain their 94% of marketshare.

I'm afraid cluck u is right on the money here. LEMMINGS, all of them.

Game. Set. Match.

Cluck U wins...yet again (not as though it was unexpected)!

DB1 loses. Quite the passionate man, DB1, but he keeps forgetting to include facts in his fun filled presentations. DB1 can see Russia...errr, credit unions...from his house, and then decides he can speak for the masses. Now if we can just get him to enter a swimsuit competition and pose with a gun he'll be qualified to run for office.