Tag: Banks

Banking on Failure

therightliberalLeave a comment

One of the many changes we are facing in our country currently is a change in our banking system.

While many people feel that banks are a fairly unimportant part of our lives, on a national level banks are key.

But many people are now feeling as though the banks cannot be trusted. Between the bailout, fragile economy, and some interesting business practices, many of the American people are feeling nervous about using large banks.

Obviously BoA is getting the brunt of this. Many people are switching over to using local banks, which is both a blessing and a curse.

The blessing is that the move supports local business, giving more people jobs in their communities and providing for a more stable community.

The curse is aimed at the national economy. By hurting the big national banks, we no longer have such a strong national banking program. The government can not go around and take micro-loans from local banks if the national banks tank.

Although I am a supporter of the 99% movement, I feel the move to go to smaller banks is a mistake. We have to stay strong as a nation and support the national economy. I know that local economies are important and part of the backbone of the country. But at the same time, we have to keep our government running.

From Guns to Cyberspace

sennymcflyLeave a comment

It started with Edward Smith in 1831 and now it has come to the internet. Hundreds of New York residents are victimized by a cyber robbery virus known as Zeus Trojan.

The headline reads: Dozens Charged In Schemes to Steal from Bank Accounts Using Computer Viruses. Who would have thought that the futuristic phenomenon known as “the World Wide Web” would eventually become our biggest threat to our safety? What do we do now that any stranger can have access to our most valuable personal information? Internet withholds information about us that we think is kept secret, but in reality the whole world can see it….and use it.

The scariest part is that all of these criminals are overseas. This “hackers community” started across the water in Eastern Europe and worked its way over to the Eastern shores of America and hopefully won’t get the chance to spread around the world. Let’s hope that it hasn’t happened yet. I’m positive that I’m gonna make darn sure my info is safe on the internet because if it’s not safe there then it’s not safe anywhere.