07/02/13 9:23 am
I'd say mostly good. Just enough greedy folks at the top to make the system suck overall though. To bad no one at the top ever gets prosecuted for the crimes committed.
07/02/13 12:43 am
I offered my bank the opportunity to raise my interest rates on interest balances, cash advances etc, so that my payments, well over the min, would cancel those balances out, but the bank wouldn't allow it- bank won't divert extra payment amounts to
Laurie2133 Rural Southwest
07/02/13 12:16 am
I've been with USAA for over 20 years. I trust them but I don't know where I'd go if I had to switch. I've heard so many horror stories and even had to take calls in banks because customers get so upset.
07/01/13 12:15 pm
Everything is on the paper, you just have to read it. Why would someone let you borrow money without interest when they could get interest by putting it in a savings account.
07/01/13 9:22 am
If you've had personal problems with a bank (especially if said problem involves overdraft fees) it was probably your fault. Quit hatin' and take responsibility for the fact that you can't balance your checkbook.
07/01/13 7:59 am
also, ethics are not universally agreed upon. in several religions, it's forbidden to borrow or lend. in Christianity, it's forbidden to lend for profit. in a strictly secular sense, are variable interest rates ethical?
07/01/13 7:48 am
just because it's business doesn't mean it's ethical. defense lawyers run a business, and some are perfectly willing to defend clients they know to be guilty. yes, big money. also unethical.
07/01/13 7:26 am
I don't think they're unethical for holding up their end of the deal that consumers, who had every opportunity to read it, signed in agreement. That seems to cover the majority of the arguments here.
07/01/13 6:32 am
Any business that's in the business of jacking interest rates and foreclosing someone's home they know are struggling certainly isn't ethical. Don't feed me your "business is business" malarkey. Anyone who does never struggled a day in their life.
anarchy GET OFF MY LAWN
07/01/13 6:20 am
I have yet to see a cogent argument for "unethical." Banks are a business. Like any other business, the employees have the capacity to engage in unethical behavior, but that doesn't constitute an "unethical business model."
07/01/13 5:54 am
Starbucks return on equity 30% & profit margin 10.4%. Citi Bank is 4.4% & 7%. Is Starbucks more evil than the banks? Those unethical baristas..
07/01/13 4:22 am
If you voted "unethical" then please slap yourself right now. You are the very definition of a low-information voter. How many of you irrationally hate banks yet run to them for a mortgage, student loans, car notes and credit cards?!
07/01/13 3:32 am
I tried for a long time to give my business to local banks but one by one they failed me. Then I tried using US bank and they p****d me off. Now I use USAA for everything and they treat me great.
07/01/13 3:04 am
Results surprised. Most are ethical but remember they are profit driven organization and need others (I.e., you should not buy a house if you cannot afford - you need your own common sense which a majority of the public lacks).
07/01/13 12:21 am
I worked for one of the biggest banks in the country, they truly don't give a damn about their customers, just their wallets.
06/30/13 10:31 pm
Two words: Credit Union. Banks unethical? Probably not in most cases. A person's best option? Usually not in my experience. Credit Unions are not-for-profit and don't have shareholders to answer to. Usually they offer lower fees and better loans.
rightway101 the thought provoker
06/30/13 10:27 pm
Banks can't be ethical or unethical, much like how a plant or rock can't be unethical or ethical. Banks are a part of the organic machine that is the economy, personifying them is like personifying a animal.
Cruz2016 Rum Bum Beach City
06/30/13 9:38 pm
"Big banks are bad!" Why is that? "Because they're big and they work for profit" and you are a volunteer at your work right? "No, I work for $$" so you work for a profit? "No I work for my $$ and they just play w/mine" really? "Yeah, they're evil"
BCKR Onward and upward
06/30/13 9:05 pm
Unethical, but really in the sense that they are amoral. Current law requires them (and all other for-profit corporations) to do their best to maximize profit. That is their priority over anything else. It's not their fault usury is not a crime...
thebob Medford Oregon
06/30/13 8:52 pm
Foreclosure loans were backed by the government. They had no motivation to help folks refi or renegotiate their loan. Very UN American. The rich got richer....
06/30/13 8:48 pm
Anyone read about the giant lawsuit going on? Apparently the US Gov is suing a number of the top banks for ~76 TRILLION dollars. It aired on CNN for one day, but the owner of CNN's children were assassinated so they pulled it from the air.
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