General Discussion

marmar

(77,084 posts) Tue Dec 23, 2014, 12:39 PM Dec 2014

Do You Know What Banks Are Actually Doing With Your Money?

Russell Brand sits down with RT’s Max Keiser to ask him to explain some of the things a lot of us don’t understand about banks. Keiser’s answers may both surprise and disgust you.

http://www.truthdig.com/avbooth/item/do_you_know_what_banks_are_actually_doing_with_your_money_20141223

4 replies

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Highlight:

Do You Know What Banks Are Actually Doing With Your Money? (Original Post) marmar Dec 2014 OP

My money is in a credit union upaloopa Dec 2014 #1

my money is in a large bank DrDan Dec 2014 #3

Makes no sense to me either. upaloopa Dec 2014 #4

My money is in Direct Express which is supposedly the actual Social Security account in some bank jwirr Dec 2014 #2

upaloopa

(11,417 posts)

1. My money is in a credit union

Reply to marmar (Original post)

Tue Dec 23, 2014, 12:43 PM

Dec 2014

It is loaned out to other credit union members to purchase cars boats motorcycles homes and other things. I get interest on both my savings and checking accounts. I have no fees and get ATM charges returned.

DrDan

(20,411 posts)

3. my money is in a large bank

Reply to upaloopa (Reply #1)

Tue Dec 23, 2014, 02:21 PM

Dec 2014

I get interest on several savings and checking accounts. I have no fees or ATM charges and get ATM charges from other institutions returned. I have a credit card with no foreign transaction fees. I have a brokerage account $0 online trades.

I dropped my credit union when they wanted to begin charging me for a savings account. Charging me to use my money did not make a lot of sense to me.

upaloopa

(11,417 posts)

4. Makes no sense to me either.

Reply to DrDan (Reply #3)

Tue Dec 23, 2014, 02:25 PM

Dec 2014

jwirr

(39,215 posts)

2. My money is in Direct Express which is supposedly the actual Social Security account in some bank