patrick.net

Wells fargo stealing wachovia was quite profitable

I remember being pissed when shitty wachovia took over FU, and then doibly so when wfc swallowed wachovia

In a nutshell it was because of deregulation in the 80s.

This contrary to my usual banter but it is the way it is.

The more objectionable part is how politics gets mixed into banking.

It's the result of "too big to fail" interventions by the regulators.

I don't recall regulators forcing wachovia to take on Golden West financial

I am reasonably sure that I have seen that chart before. Possibly even here.

What I've always been surprised about is that down in Texas we have a huge supply of local, state and region banks. Right now it doesn't matter much to me, I've been dealing with credit unions exclusively for the last 7 years.

Why do people hate unregulated "Corporations are People" Free Market Enterprise?
At least D & R voters don't interfere with Capitalism.

I have always liked and received excellent service from USAA and do have free checking. I went to great lengths to ensure my kids (and my ex) could be members. They are member owned and include insurance and investment services, etc. Primarily they focus on ex-military. Highly recommended