Friday, February 20, 2009

Banks kicking you while you're down

Only leave in the bank what you can afford to lose. If you decide to pull your money out of the banks you had better hurry. Fractional reserve banking simply means that they only have about $1 on reserves for every $10 on deposit. If you are not one of the first 10% to pull out your money then you will be screwed.

Here is the story on excessive bank fees.
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