Sep. 26th, 2008 09:10 am
JP Morgan über alles
Some years ago, I was feeling dissatisfied with my Chase checking account (not to mention the fact that Chase branches were encircling my home like a picket, but always at an inconvenient distance away, whereas WaMu was right on the corner). I considered switching to Washington Mutual but I was concerned about the riskiness of their aggressive expansion strategy. Little did I know then that in the end it would make no difference.
So, anyone want to wager on how much longer it is before there's a single financial institution called "The Bank" which holds my mortgage and all my credit cards, my checking and savings accounts, my equities and securities, and all my retirement funds? All I know is that at this rate it will be only nominally a private enterprise rather than a subsidiary arm of the US Treasury.
So, anyone want to wager on how much longer it is before there's a single financial institution called "The Bank" which holds my mortgage and all my credit cards, my checking and savings accounts, my equities and securities, and all my retirement funds? All I know is that at this rate it will be only nominally a private enterprise rather than a subsidiary arm of the US Treasury.