“Local banker” Fucking hilarious. Nothing that banks do generates value to anyone outside of the banks themselves and the ultra wealthy. Just another ticking time bomb waiting for a bailout.

Bankers can go the way of the coal miners. Fucking rent seeking parasites.

[–] Poggervania@kbin.social 3 points 8 months ago

If you don’t like banks or the idea of a for-profit organization handling your money, check out credit unions! They’re non-profit and are generally “owned” by their members vis-á-vis the money in each member’s account, and they’re actually more focused on customer service and care than banks typically are. They’re not FDIC-insured, but they can be NCUA-insured which is literally the same thing but for CUs (read: your money is still safe up to $250k).

Also gonna shoutout Vanguard specifically if you want the same philosophy behind CUs but with an investment firm. They’re still for-profit, but Vanguard is also entirely “owned” by their members - not quite sure how it works like that, but apparently it does.

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