manifest destiny
Master
Most aren't aware of how a bank views the depositor. We (depositors) are viewed as a liability to the banks accounting systems. A reversal of the +'s and -'s , so to speak. It's my money but from an accounting point of view the bank doesn't like giving it back to me. Banking used to operate on the 3-6-3 rule: Pay 3% to depositors, charge 6% to borrowers and be on the golf course by 3pm. Now banks aren't banks. They are aggregators of funds, sellers of insurance, investors in commodities, bundlers of financial products most of us have never heard of let alone understand. Profits from loan interests payments are so passe'. It may be our money but banks are loathe to return it to us. In the micro we might find ways to work around them. In the macro the ****ers are near impossible to avoid.I may be out of line here, but as I understand it, it is NOT your money when you give it to them. I seem to remember it being ruled on legally that you are considered an "Unsecured Creditor" to their business model.