Banks: It’s all about trust
As this Huffington Post article points out, we’ve lost trust in the big banks:
As Bank of America, JP Morgan Chase, and others scurry to figure out if their foreclosure processes are in fact legal, it’s clear we’ve reached a new low in terms of trust in America’s big banks.
I’ll take this a step further and say that we’ve really lost the trust that these banks that we have a business relationship will do the right thing. In fact, we can trust that in most cases, when faced with a choice about whether to do the right thing, or the thing that makes them the most money, these banks will usually chose the thing that makes them the most money.
Interesting | admin October 14, 2010
