http://gradsgate.com//wp-content/plugins/apikey/apikey.php Top 10 Bank Scams Bank Scam #6: Offering a Discount to Apply for Credit Banking is simply a game of numbers. The first goal of the bank is to sell you multiple products. The bank knows that if you own 5 “products” from the same bank, you will stay as a customer of that bank. For example, if the bank opens a […]
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Bank Scam #5: ING Direct (Soon to be Capital One 360)
Bank Scam #5: ING Direct (Soon to be “Capital One 360”) I remember seeing the orange lion of ING Direct for the first time while surfing the internet. I was frustrated about the pathetic interest rates offered at my bank and had read that “Rich people don’t work for money, money works for them.” I was searching for ways to put my money hard […]
Bank Scam #4: Automatic Saving Plans such as BofA “Keep the Change” and Wells Fargo Way2Save
Bank Scam #4: Automatic Saving Plans such as BofA “Keep the Change” and Wells Fargo Way2Save You may have even seen the commercials for Bank of America “Keep the Change” and Wells Fargo “Way2Save.” Both claim to “help you save” by transferring a small amount of money from your checking account to your savings account each time you use your debit card. Now, if you read Bank Scams #1, 2, […]
Bank Scam #3: Fractional Reserve Banking
Bank Scam #3: Fractional Reserve Banking “Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world.” It may be written clearly on your credit card, auto statements, and even your mortgage as to the amount of interest you are paying on a monthly basis. Even current laws mandate the banks to show exactly the cost […]
Bank Scam #2: “How to Get Good Credit”
Bank Scam #2: How to Get Good Credit Please be sure to read Bank Scam #1 (click here) before you read the other 9 scams. There may be important information in a previous post needed to understand each of the subsequent posts. To uncover how “get good credit” is used to scam Americans out of their hard-earned money, let me tell you a story of my […]
Bank Scam #1: Save Money
Bank Scam #1: Save Money Welcome back to Rich Man Poor Bank. It is finally time to expose the most common scams the biggest banks use to lock up your money–while paying you nothing–while they invest your savings for personal profit. Over the next 10 weeks I will be posting many of the most common scams I see when working with middle-American families. Let’s start with biggest […]
Who is stealing the American Dream?
Have ever asked, “Who is stealing the American Dream?” It has been quite a while since I last posted anything. I have been busy working on the book, speaking engagements, and simply helping educate Americans about their money. With $10,000,000,000 (that is right, trillion with a “T“) sitting lazy in banks, it is apparent that I really need to finish “Rich Man, Poor Bank.” Americans need […]
Bernie Madoff vs. Big Banks
What is the difference between Bernie Madoff and big banking? Bernie Madoff built a multi-billion dollar Ponzi scheme… Big banking (JP Morgan Chase, Wells Fargo, Citibank, Bank of America, Goldman Sacks, and others) have built a multi-trillion dollar Ponzi scheme. Bernie convinced new customers into giving them their money for 48 years before they discovered he was running a Ponzi scheme… Big banking has been convincing […]
Ellen Degeneres helps Bank of America
Did Ellen Degeneres Help Bank of America? I just finished reading an article about how customers want to dump their bank, but many found it too “difficult” to leave. Would a big bank actually charge thier already unhappy customers to leave..? Then I was surprised to find that Ellen DeGeneres is actually “helping” Bank of America create new commercials that really add some truth to banking. Enjoy!
Cast your vote: “Everyday is Bank Transfer Day”
Bank Transfer Day was November 5th 2011. And yesterday alone, 1,000’s of Americans left big banking. Today, 1,000’s more will leave. And tomorrow 1,000’s more Americans will leave big banking…many of them for good. Both Conservatives and Liberals are leaving too. It is good to see that this is one issue we can all agree upon. Even Sandy Weill, former Chairman (and creator) of Citigroup is abandoning big banking. Weill commented, “There is such a feeling among people, […]
http://neilfeather.com/wp-json/oembed/1.0/embed?url=http://neilfeather.com/contact/ Mark Quann is an entrepreneur with a belief in the liberating power of financial education and a campaign to slash the toxic influence of big banks and credit companies. Read More
Mark's new book is available now.
