Banks Are A Financial Disaster For Both Shareholders And Depositors | Problem Bank List
Some you know... more you may not know... The interesting part, is the eyes to the future.
Don't read the links in the article... too depressing.
Many really unlucky people have seen the value of their investments in bank stocks completely wiped out as in the case of Washington Mutual’s collapse in which shareholders collectively lost over $41 billion. Additional countless billions of dollars of America’s middle class wealth has been vaporized by the failure of 453 banks since 2008.
How many retirement plans of hard working Americans have been disrupted by bank failures and zero interest rates is a question given little consideration even as the Federal Reserve and the Government have bailed out the banking industry with trillions of tax payers dollars. Meanwhile, savers have been robbed of interest on their savings via the financial repression of the Federal Reserve.
Some you know... more you may not know... The interesting part, is the eyes to the future.
Don't read the links in the article... too depressing.
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