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January 16, 2009

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ThePatriotMuckraker

In Age of Trillion Dollar Bailouts, a Brooklyn Dime Grows Without Fed Aid ." Nonsense, as of 2004 "The Dime Savings Bank of Williamsburgh Chooses Fidelity Information Services for Core and ATM Processing." This contract is no longer in effect as of 2012. But, consider the following: "Mergers and expansion plans may also be behind the trend. A federal charter limits commercial lending to 10 percent of bank assets; the state charter does not. Additionally, state charter reciprocal agreements allow banks to operate outside their home state." Local banks are just as greedy and are set to expand in a similar manner to the other "too big to fails." Bankers only care about your money.

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