Comments on: Money Under The Mattress? Millions Do It

As Many As 28M People Forgo Banks Due To Mistrust, Language Barriers And Lack Of Money To Save

[brianbwb-2009]

"The ability to establish good credit through a bank is crucial to getting competitive interest rates on loans for homes, cars and other items. Those with spotty credit are charged higher rates."

Yeah, pull the other one. Most non-whites, for no reason other than discrimination, will also pay higher rates than whites of identical credit standing, and business loans will be denied, in many instances where the personal credit and history is better than whites making the same application.

Not to mention the megabuck salaries the bank president gets, even if the bank's unsound lending practices eventually close it down, the 150,000 limit per account on FDIC, and the bureaucracy one faces trying to correct a bank's mistake, compared to the light speed in which they penalize you for yours, does anyone really wonder why many don't trust banks?