It Is Not Easy Being In Banking These Days
All the news as of late regarding the banking industry has brought out the paranoia in a lot of people. If falling interest rates were not challenging enough, the images and video of people lined up at Indymac bank to get there money out scares the holy bejeezus out of people. But wait, isn't that what the FDIC is for and you get your money in literally one or two days after they step in? Yes but that doesn't make everyone calm. And I guess if you have more than 100K under the same ownership it's understandable you would be nervous at certain banks. But please cut your local handsome banker some slack and educate yourself a bit by listening to us and researching on your own if you want, in order not to lump all institutions together.
In this day and age of cable news, the internets, and little old lady coffee clatches (why don't little old ladies trust anyone?), my days turn into trying to explain that my particular bank is safe even though it goes in one ear and out the other as some neb-crab (pittburgheese) ponders how much money she can stuff into her mattress. Today in email we got "talking points" on FDIC which could also be labled "relax, shut up and let me explain points." So if I could get people to relax and listen, including the section on how to make your accounts be insured for more than 100K, my day would be easier.
But since I have no such luck, I will continue to give out info to brick walls, I mean people.
Comments
People just need reassurane that their hard earned money is in good hands. Have a heart Mr. Banker, I bet most of what you say does fall on fertile ground. The media has certainly stirred the pot, and folks just need someone to talk to.
Posted by: Laurie | July 17, 2008 07:15 AM
The media certainly has sensationalized things.
Posted by: Brent | July 18, 2008 10:42 PM