CNN layoffs

[truedelphi]

24. Baby Boomers really need to unite.

It is so scary what is happening to us as a class of people. is it because we know too much?

The last time I went into a normal commercial bank, April 2011, all the people that held cashier/teller positions, and even loan officer and new account positions were so very young. And what they were doing was beyond the pale. The bank, Wells Fargo, had found a new way to make money. It has created a "Preferred Customer" account program that supposedly had been set up so people could learn the value of saving money.

What it did was to transfer out of your checking into savings at least
$ 25 a month. I watched one very indigent young woman being told how beneficial this savings would be.

She was wearing a ragged tee shirt; and the despairing look of someone who is out of money by the 15th of each month But since she was being told that this was for her benefit she signed up for the program.

I can only imagine how many NSF bounced check fees WF collected from her over the next year.