Banks Continue to Downsize Here

[Dee]

I just dropped by to see a long time banker friend of mine at Landmark Bank this morning. Was going to ask him to go to lunch. WRONG!
He has been "let go" along with another upper echelon employee due to CUT BACKS. This is the second in several months that were good bankers, but the bank chain could not afford to keep them. These aren't tellers, these are bank mgrs.
They had done nothing wrong, no bad loans nothing like that. The banks are just trimming trying to stay alive.
Hard times ladies and gentlemen, are surely ahead for all of us.

[Questor]

The writing was on the wall for me about a year ago when I saw that my local banks had changed their terms for business real estate loans to be ludicrously high in interest rates. They clearly did not want to lend to anyone, not even the people that are the backbone of their base of repeat customers.

[Questor]

Now that the government has bought into Citi, other banks are essentially competing with the government. The government can create regulations that are favorable to Citi, and unfavorable to other banks.

[SHOOTALL]

so the bank will be run like soical security , welfare , etc.

[Oldshooter]

so the bank will be run like soical security , welfare , etc.

and the mail !

[Cabin4]

I'm not concerned at all with this. Our government will run these banks effectively and efficiently.