HERE SHE COMES TO SAVE THE DAY
“Wouldn’t (the U.S. banks’) argument be stronger if they hadn’t just led us down this dangerous path?” – Ellis Henican
Ellis Henican, on Fox Business Channel’s “America’s Scoreboard”, reacts to Jamie Dimon, CEO of JP Morgan Chase, calling new international bank regulations “anti-American”. Didn’t the old rules allow the banks to almost bring down the United States economy?
E-mail ellis@henican.com.
Follow him at twitter.com/henican
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Good topic Ellis, but from a consumer standpoint we are pretty much handcuffed. That is because the banks have all our money and believe me they can play hardball with their smaller customers because as with our Insurance industry, it’s the old arrogance of power.Two years ago I was tooling around in a brand new Elantra and meanwhile there was a snafu in my automatic payments. I had the money but they were going to the wrong account. Rather then put up with letters I received from all over the US, I drove down to Toyota and traded in the car which in this case satisfied the loan and then I leased a gorgeous Corolla, which I still have. Sometimes with banks you have to make that lemonade.