Geithner On Move Your Money: Not A Good Idea (VIDEO)Hmm... Geithner "did not explain why he thought that it was a bad idea." If he's got a reason other than, "'Cuz I love & am beholden to too-big-to-fail Wall Street banks", I for one would like to hear it!
Treasury Secretary Timothy Geithner does not think that Move Your Money is a good idea.
Geithner addressed the campaign against too-big-to-fail banks during a recent interview with Politico. While Geithner said he understood the anger against bailed out banks and said that it was fair for bank customers to expect more, he did not explain why he thought that it was a bad idea.
For those prior-service folks among my loyal readers, here's a recommendation from one of your fellows:
USAAOh... and he provides the following additional info:
Loyal reader adds: USAA's got most of my money. 30 year, 5% fixed rate mortgage is local due to building incentives. If USAA goes down, I'm screwed. I just hope that all the retired flag officers who run the place aren't too greedy, considering their six figure military retirements aren't hostage to Wall Street.
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During this difficult economic cycle, our members have trusted us and brought even more of their business to USAA.
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