Originally Posted By: grelber
The more I read about the "horrors" of the American banking system and of American banks, the happier I am to be banking north of the 49th


I recently had an extended conversation with a woman who until several months ago was an officer with the Bank of Scotland. She said she had gone from looking forward to going to work each morning at a respected institution she was proud to be associated with to a job she hated with an institution she could no longer respect. As she described the changed fiscal policies of the bank and the now almost feudalistic labor policies it sounded exactly like a relative's description of the Wells Fargo bank where she works. So the problems are not just in the U.S. but throughout the EU as well.

There are excellent customer service oriented banks South of the 40th but most of them are regional or local banks that for the most part are not answerable to the Wall Street money managers and their what have you done for me — this week — demands.


If we knew what it was we were doing, it wouldn't be called research, would it?

— Albert Einstein