patrick.net

Patrick says

Right, that's my understanding. Credit unions are simply private groups of people who get together to provide loans and other services to each other.

I suppose a credit union could kick you out, but on the other hand there are a lot of them with various philosophies, while banks all seem centrally controlled from NY and dedicated to the woke agenda, at least until Trump got elected for the third time...

It’s my experience, not just understanding. I exclusively use credit unions, fuck banks. I was soured on banks when I went to hell hole BofA (didn’t know any better, that’s where our parents took us) to open my first checking account and my younger sister at the same time tried to open a savings account when we were teens, and my sister found out that BofA was already servicing her social security number with a checking and credit account to some fat illegal woman. They handled that situation with a bunch of bullshit as they did a few others until I wised up and ran to a credit union instead.

https://nypost.com/2025/08/05/business/jpmorgan-and-bank-of-america-debanked-trump-under-pressure-from-biden-admin-sources/

JPMorgan and Bank of America ‘debanked’ Trump under pressure from Biden admin...

The exact reason for Trump and his tens of millions of dollars in holdings being kicked off the JPMorgan banking platform, and then denied access to Bank of America’s services, has yet to be reported. ...

Trump, of course, survived it all and is now in his second presidential term. He is vowing to end debanking; his regulators have stopped enforcing the reputational risk clause and he plans an executive order in the matter.

I sure hope Trump can do something about corrupt banks refusing to serve people based on their political views.

The right thing to do is put those banks completely out of business and bankrupt the shareholders.

Maybe you never could trust banks:

https://x.com/9mm_smg/status/1955000387003416775

The single most radicalizing moment of my life happened when I was 21. I was living paycheck to paycheck at the time and BARELY scraping by. It was payday, and I went to use my debt card to buy groceries, and it was rejected. I knew the direct deposit was in and I was confused. My account was almost empty. I went to the bank to figure out what happened and nearly lost my mind. I was hit with dozens of 30 dollar overdraft fees. The bank intentionally put through large charges FIRST despite the large charges being charged after. They held back the lower micro purchase charges, and then once my account was zeroed out, they put through a string of small charges, charging me 30 dollars for each one. I paid over 30 dollars for a tin of altoids, I paid 35 dollars for five dollars in gas. Had they posted the charges correctly, I would have just been rejected. I was young and dumb and barely scraping by, but my balance at the ATM kept saying there were funds available. They hit me with so many overdraft fees that it took me months to get back on even footing.

I still think about it today, and I'm filled with rage. They still pull this nonsense today on the young and poor. So yes, I'm harsh and critical towards our banking system. I want them all in prison.

Well, the Babylonian song remains the same. If you owe them money, they hound you and make your life a living hell until they collect, and then cancel your account.

If they owe you money, they grudgingly might pay you without force majeure, but more than likely the aggregate of owed monies they prefer to resolve by arranging wars to kill the account holders.

I had a client who used to drill out intestate safe deposit boxes. The banks had rules and various trusts to handle such things legally to sort of probate it, but the client basically said they just kept the stuff if nothing came of it. I guess you could call that account holder harvesting lite.

When I worked in poor communities, virtually nobody passed a credit screening or had a viable credit score. The places were full of check cashing places with cages and iron bars where the people would cash checks with commissions taken off, so they lived from cash bolus to cash bolus. The concept of banks didn't enter their lives and they couldn't get a bank account if they wanted one.

I read a story recently about a homeless woman who died and they found a couple hundred thousand dollars in cash in luggages in her stuff. She apparently got it all from panhandling and just kept it with her. Her luggage was her bank.

One day they won't have any humans at the bank all machines, it's happening now in some areas. I've seen one where they had ATMS all lined up inside it was a Chase bank horrible vibs inside that place I was cashing a check as a non customer. Serious pain in the ass took forever who in the hell would be a Chase customer? also Wells F is a horrible horrible company. I name names so should everybody else.

Patrick says

Maybe you never could trust banks:

That happened to me in my 20s but I called, bitched and got them to reverse the charges. It was Wells Fargo.

When the bank measures you for a coffin before opening your account, you know your are in trouble already.

Patrick says

at least until Trump got elected for the third time...

Nice way to slip that in!

Patrick says

Maybe you never could trust banks:

https://x.com/9mm_smg/status/1955000387003416775

This was a popular bank trick about 15 years ago. By paying the big bill first, even if it came last in time order, they claimed it was a service.

Very sneaky: Since the big bills would be car payments, rents, insurance payments, etc. and got paid first, that would reduce potential pressure from OTHER powerful lobbies. While maximizing overage charges on the customer.