By August 1, 2012 6 Comments Read More →

Boundless greed continues on Wall Street

[media-credit id=28 align=”aligncenter” width=”300″][/media-credit]At a time when the large Wall Street banks should have their heads hung in shame and be doing

everything they can to earn our forgiveness… here in Simi Valley one large bank is again adding insult to injury.  JPMorgan Chase is flaunting its wealth and power in the face of continuing foreclosures by building yet another Chase bank in Simi Valley.

Let me give you a little background… Simi Valley is only 42 square miles total and we have a population of about 125,522. That’s not very big and we have 5 Chase bank branches already and 6 separate ATM locations as well.  We could easily suffice with 3, one at each end of town and one in the middle, but Chase has decided we need a 6th branch location.

I mean come on… this is over kill.

I also take exception to the location they chose for this new branch.  It is a major route home for commuters and people stopping to turn in right there will definitely cause some drama to the heavy flow of traffic in my opinion.  I wonder if our city council even considered this or were they simply blinded by the dollar signs?  I can only imagine the cost of this construction and it makes me ill.  Our hard earned tax dollar bailout being wasted on shoving yet more bank facilities down our throats! So I urge you to hit these banks the only place it hurts, their bottom line.  Take your business elsewhere; don’t let them use your own dollars against you. No one should be complaining about the collapse of our economy if they are continuing to bank with one of the 5 big banks that caused it. We need more local credit unions not big corrupt corporate Wall Street banks!



Image credit Dani Heart

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  • As usual the banks continue to be completely out of touch with reality, well, the public’s reality..where are people getting the money to even deposit in banks just now. There was a great TV programme on in the UK the other week that showed that public trust in banks had completely plummeted, especially with the Libor interest rate fixing scandal. They have been found out as acting like criminals and duping the public and all of the big banks were in it together, they were making money so why rock the boat even though they all knew what they were doing was illegal. Strange how most criminals will be prosecuted in a court of law but the bankers seem to be above this. Scumbags is an understatement.

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  • Dani Heart

    Thank you Garry.. I couldn’t agree more. I was half tempted to make my own picket sign and go out there myself. I don’t know that it would do any good..but it was a thought. We don’t keep any money in the bank except what we need to pay bills with, and I don’t see that changing..cause quite honestly..I don’t know who I can trust. Very sad. I so appreciate you. 🙂

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  • Big corporations will saturate markets, when most of the local businesses close they then they pull back to the level of support they feel they need in a particular community. They know that smaller players can’t match their onslaught.

    What I don’t understand is why more people don’t support Credit Unions, and make these bank ass hats irrelevant. I’ve been banking with Credit Unions my whole life, and they simply don’t play these games.

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  • Dani Heart

    Dan I feel as you do.. and I hope my articles will get more people to switch. We need to realize our individual dollars matter as a collective. They can’t do this to us if we refuse to bank with them period. Thank you so much for taking the time to read and comment. You are so appreciated. 🙂

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  • Dani,

    The ravenous pursuit of profit at the expense of everything else has become the hallmark of business, especially financial business, today.

    With all the purported Christians among the American electorate, why aren’t the admonitions against the “money changers” and the rich men and the eye of a needle ringing in their ears and at the forefront of their minds?

    Good piece!


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  • Larry I just love your descriptive words. You make me laugh. We just have to keep trying to raise awareness. Thank you so much for reading and commenting. 🙂

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