Friday, September 19, 2008
Bankers and Politicians and Stocks! Oh my!
Okay, so we are not supposed to panic because major international banks are going under, no one can sell their house and most of us are lucky just to be able to hold onto our homes, food is a fortune and the politicians promise to fix it all, pronto! Here's what I have to say about that: if the banks can't grow our money like they used to, can they at least try to show us they care when we deposit with them?!? I believe every politician should run on the platform that from now on they will see to it that there is a teller at every window at every bank everytime! That's right, a chicken in every pot and a teller at EVERY window! While we're at it, how about politicians promising to put a cashier at every grocery check-out station, all the time! Since we are paying so much for food now at least they can make it less of a hassle. Besides, my proposal will provide new jobs for average type Americans! Dear Danny Wegman, are you listening to this? Here's a perfect example of the type of total non-service I got from a local investment bank recently at the heidth of national financial turmoil: I get an e mailed letter from one of the bank's vice presidents telling me essentially not to worry, they can't guarantee anything, but there should be a rebound. This is not exactly comforting to me. I send him an e mail reply, and hear NOTHING BACK AT ALL! I call his office, at the local investment bank where my husband Bob and I pay them nearly $1,000 a month to manage our investments--and I am told he is "way too busy" to talk to me. I ask for the CEO, whom I regularly talk to, and am told he is out of town for two weeks! PERFECT TIMING! I try to speak to another financial manager we use, and am told he is in Australia on vacation for the next three weeks! REALLY? Are you even kidding me? Don't you think maybe it might just be a good idea to stay available to your customers when there is an extreme financial crisis going on? What kind of service have YOU had lately from bankers and politicians? If you've got the money, use it to buy stocks while they are cheap now--that's what I'd like to do if I can ever get my banker to return my calls these days! And if you don't have the money, don't panic--supposedly the federal government is going to step in and make all of this go away nicey-nice with money they don't even have! But don't worry--you know what they say when they audit you: "We're from the government and we are here to help..." God help US!
posted by dr. meami craig at 8:05 AM
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