Chances are, as an American, you’re unlikely to be satisfied with your banking options, thanks to a dizzying rate of absorption among the nation’s top financial institutions.
The idea behind a company eschewing their corporate responsibility thanks to their designation as “too big to fail” is all the more disconcerting. How can we rely on such fiscally reckless establishments to handle how we’ll afford groceries when were long past our useful years in the job market?
And this isn’t just an emotional reaction to years of abuse at the hands of Wells Fargo, (damn you, Wachovia!); the entire nation is feeling it.
Only 32% of Americans have “a great deal” or “quite a lot of” confidence in banks, according to a recent Gallup poll.
The image of banks took a big hit after the 2008 financial meltdown and it has slowly improved since then but the industry is still seen less positively than it was prior to the crisis.
LendEdu, an online marketplace for student loan refinancing, looked at consumer complaints filed with the Consumer Financial Protection Bureau (CFPB) for a second straight year.
The analysis found that consumers filed 42,097 complaints against 49 financial institutions that are included in the S&P Banks Select Industry Index. An additional thirteen banks in the index had no CFPB complaints filed about any banking product.
Now, we present you with yet another reason to rebel against monster banks such as Bank of America: Their blatant discrimination against gun owners.
A Bank of America executive said on Tuesday the company will end financing for manufacturers of “military-style” rifles for civilian buyers.
“We have had intense conversations over the last few months and it’s our intention not to finance these military-style firearms for civilian use,” BoA vice chairwoman Anne Finucane said during an interview with Bloomberg Television.
Although her comments reiterate points the company made previously, it’s the first time a company executive said it publicly. “We want to contribute in anyway we can to reduce these mass shootings,” Finucane said. “That’s such a tragedy in the United States.”
As American traditionalists understand all too well, companies such as Bank of America are simply folding to public pressure, and being harangued by a jury of social justice junkies hellbent on being a part of “something” without having to get their hands dirty.
Instead, these conflict fiends tip-tap away on their MacBook keyboards and iPhone screens, Twitter-terrorists all the same as any in the Middle East. They manipulate morality in order to mold new languages and social cues that only they know. When you misstep their sudden change of code, they will goose-step directly to the court of public opinion and call for you to be hanged.
And if that fails, be prepared for real torches and pitchforks…something that the Second Amendment protects us from.