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banks are a joke and deserve to be destroyed as an institution and replaced with businesses that are capable of improving after hundreds of years
- Haelwenn /элвэн/ :triskell: and augustus pugin 🌖 like this.
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for all the shit that people give tech companies on here they have a better track record than other industries at trying to keep onerous regulations away from their users. Banks are just like "we have to report transactions over 800 dollars to the federal government now". I know why they are like this, but it is still grating.
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@denza252 almost the same
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@Moon >not using a Credit Union by now for most of your banking needs
:0150:
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banks: enriching their shareholders from all over the world by extracting value from the bank members
credit unions: enriching their shareholders from *checks notes* the local community, essentially, by extracting value from the credit union members and pretending that they are focused on investing in the local community (as if they're being charitable and should be lauded for it)
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@Moon its grating because you're being taxed without proper representation.
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if credit unions weren't also a giant piece of shit they'd have interest rates that reflect it, but no -- mine, which is one of the largest, is still doing 0.10% on deposit accounts. (a few years ago it was 0.03% !!!!)
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@Moon hey hey there, tone it down with the fed posting.
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@Moon They have improved! They steal much more money in many more creative ways now
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@mangeurdenuage @Moon
#SweetDreams