Friday, September 28, 2007

Another reason why mega-banks suck

No not normal banks. I'm talking about those huge honking banks that take over every other bank in site. What now. There's a issue of what they're doing with trusts. Say you have a large estate and leave it in trust to be distributed to different charities.

The large banks are controlling the trusts and using them to generate fees. They're also not paying out the endowments as the trusts really wanted them to. Big banks are all about making money. They suck.

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