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Joined: Jul 2007
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for many years, i have done my banking with a privately owned bank.
but, the founders died and the heirs decided to sell it.
to a publicly held bank. first financial bank out of abilene, texas.
i don't think i like it. it charges its depositors fees for just breathing.
and, of course, if there is a bail-in, i shall have to become a stockholder. in a bank that may have way too much loan exposure to the hydrocarbon industry.
so, i have decided to move my ready cash into a federal credit union. i was going to do that last year, but the big money center banks wanted to suppress the credit unions, but they lost[i think, because who knows in this propagandistic world].
and i have been out of the stock market since i sold out at the top some years ago.
and, in consultation with jim sinclair, i repudiated investments in mining companies and bought the physical. a bird in the hand, you know.
anyone here have any thoughts about credit unions?
i am all ears.
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albertchampion
02-08-2016 @ 7:10 PM