Another urgent call from my bank with an "attractive" new plan. Attractive for them. I signed on for a special package in 1984 and they neglected to build in their option to alter the terms unilaterally. They've gotten smarter since, but it doesn't stop them from trying to lure me out of it.
Out of curiousity, I did some research on bank profitability. With fee proliferation, especially those skirting interest limitations, they've got to be making a pile. They are. Most reliable sources put bank profits at about 20%. The same sources peg oil companies at 9%.
So, we're outraged by the oil companies for "gouging" us, but not the banks? We wail about gasoline prices, but gladly pay more for bottled tap water?
Never let the facts get in the way of a good rant.
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