Fed (that would actually be you and me since it is our money, after all) says they are ready to save stress tested banks.....
*****Several days ago I stopped in to my local WAMU branch to activate my debit card. In case you didn't know, WAMU is now Chase. The entire interior was gutted and they were busy with a major remodeling.
Wow, what's going on?", says I to the nubile and not very bright little gal behind the brand spanking new counter. "This was a great looking place and it was practically brand new."
*****"Oh, I think Chase wants all the banks and branches to look alike", she says with a lovely smile on her face.
*****"But didn't we just give a pack of money to bail out these banks? I'm not so sure this is a good use of their money."
*****She looked at me with some confusion as she sifted through this piece of information and her best explanation was, "but it's given jobs to a lot of nice men."
*****This is the bank that says they can only pay me .01% interest on my savings account and is asking for more tax payer bailout money but somehow still has money for major and unnecessary renovations. I highly doubt if I walked into a Chase branch in California which looked differently from my Post Falls branch it would register on my radar.
