If you owe the bank $10,000 you have a problem. If you owe the bank $10,000,000 they have a problem. After all is said and done, more is said than done. Government does not solve problems; it subsidizes them.
I've always felt there was something wrong with Wells Fargo's culture, for a very, very long time.
When Occupy Wall Street happened, I took my money out of Citibank. I already had problems with all the banks - Citibank, Bank of America - but I was kind of just too lazy to take my money out until I saw how Citibank responded to Occupy Wall Street.
How come my friends in the S&L industry tell me things are so dire?
My bank is the worst. They are screwing me. You know what they did to me? They're charging me money for not having enough money. Apparently, when you're broke, that costs money.
Deutsche Bank has a very simple problem. It doesn't make money.
The financial service industry has an image issue.
My team and I tried cashing checks at check-cashing places and paying bills by money order. It's incredibly inconvenient and time-consuming - it's practically a part-time job just to manage and move your money.
Folks can't carry around money in their pocket. They've got to go to an ATM machine, and they've got to pay a few dollars to get their own dollars out of the machine. Who ever thought you'd pay cash to get cash? That's where we've gotten to.
