Tuesday, April 28, 2009

I’m changing bank, and so should you

I’m getting really tired of Swedish banks. They failed miserably during the late 80’s and early 90’s “needing” a bailout and in some cases a government takeover. Despite making billions in profits during the last ten years or so they again are in trouble having made bad investments and not putting the earlier profits to good use. And again a couple of them “need” governmental support. Most of them must have monkeys employed; well actually a monkey would probably get it more right. Economy is in either case not one of their strong points. To a large extent this is governments fault. If businesses know that if they are in trouble the tax payers will come to the rescue, they will of course be less prudent with money and take higher risks.

And thanks to the complete stupidity of the Swedish central bank there is now hardly any reason to save money anymore which means that they have created another crisis that will worsen the situation. So you cannot really blame a couple of banks if they lower the rate on savings, in some cases down to ZERO. But it is really annoying to see a failing bank (I’m a customer at) first making horrible decisions anyone with normal intellect could tell them is the wrong ones, then they crawl to the government to gain support, asking their own customers and the rest of the taxpayers to bail them out, and now they are saying that anything I save will not generate any additional savings rates. This is too much. Why the hell did we not let these bastards fall, crash and burn earlier? And why are the government supporting and helping these monetary failures again!? Let them go bankrupt already.

I’m not completely sure which bank I’m going to change to, but at least Handelsbanken is making a profit and so far not needed and don’t want to be a part of any governmental support, so that’s one option. There are of course others and the first thing I’m going to do after work today is to find a suitable one, and so should you.

Do not support a business that takes your money and gives nothing back except making you pay them again thru bailouts and other stupidities.

Do not keep your savings or your business at a bank that clearly doesn’t know how to calculate basic math.

Do as I will do, change bank. If you have a savings account or a business account with SEB or the even more horrifying idiocy of SwedBank, leave them. Close down your account and go somewhere else. And do it now!

Please help out in bringing these losers and their stupidity down.

And if you can; make the government understand that we do not want to pay for the mistakes banks makes. Your tax money should not go to bail out failures.

Do it today or as soon as possible.

6 comments:

  1. Changed to Handelsbanken a couple of months ago. Why waste time on the other junk??

    ReplyDelete
  2. Although I am strongly considering stuffing my mattress with money instead, to do my part in bringing this fraud down....

    ReplyDelete
  3. If I had a lot of money saved I would buy gold, I do not so my change of bank is of principle. And I do not really trust in Handelsbanken either. Those positive numbers can show whatever in reality. :) But I will see what I can find.

    ReplyDelete
  4. Old Russian saying...You can tell same lie 1000 times but not change truth!

    Difference between USSR Communist media and USA "mainstream media"

    In Russia government make media say what they want - even if lie.
    In USA "mainstream media" try make government what they want - even if lie..
    .....eventually they become same thing?!

    I Igor produce Obama Birth Certificate at www.igormarxo.org

    ReplyDelete
  5. Yeah, right... I normally delete pure marketing thingies, but I let it slide since it is a "pro"-Obama site... :)

    ReplyDelete
  6. Old Russian saying...You can tell same lie 1000 times but not change truth!

    Difference between USSR Communist media and USA "mainstream media"

    In Russia government make media say what they want - even if lie.
    In USA "mainstream media" try make government what they want - even if lie..
    .....eventually they become same thing?!

    I Igor produce Obama Birth Certificate at www.igormarxo.org

    ReplyDelete