At Last, the Super Rich Get Their Own Bank

[Donnachaidh]

http://www.commondreams.org/further/2011/11/14-0



Because the economic divide in this country can never get big enough, Wells Fargo is starting a new bank just for those 10,000 U.S. households with over $50 million in "investable assets" - total: $1 trillion - to spare. Launching in about 15 cities, the Abbot Downing brand "goes beyond traditional wealth planning analysis by focusing on clients’ values, goals and vision” - including, presumably, never again having to mingle with the likes of you or me.

[Turbineguy]

1. Let me guess....

Those accounts will not be emptied to cover derivatives losses.

[AngryAmish]

2. Ever do private banking? It is real nice.

They are much nicer to you.

[Donnachaidh]

5. ahh, the 99% doesn't do *private banking*

We leave that to the self-involved shallow nouveau riche who are impressed by that sort of nonsense. :sarcasm:

[AngryAmish]

6. So people who didn't inherent money are not good enough...

[d_legendary1]

3. I thought the rich already had a bank.

Isn't it called the Federal Reserve?

[JackRiddler]

4. Yes. Not to mention all the other big banks.