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Date: 12/06/11 12:59 PM

40 Responses to Banking Explained In Simple Terms [Pic]

  1. Profile photo of kitteh9lives
    kitteh9lives Female 70 & Over
    8013 posts
    December 6, 2011 at 12:52 pm
    Link: Banking Explained In Simple Terms - A concept so stupid that only a child would fall for it... right?
  2. Profile photo of HalfPintRoo
    HalfPintRoo Female 18-29
    2692 posts
    December 6, 2011 at 1:03 pm
    pretty much...
  3. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    December 6, 2011 at 1:07 pm
    They left out the part where once the kid gives him the ball, he can`t access the ball for a number of days, during which time the ball will be lent out to other kids for a period of 24 hrs each.
  4. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    35680 posts
    December 6, 2011 at 1:32 pm

  5. Profile photo of Justin9235
    Justin9235 Male 18-29
    1582 posts
    December 6, 2011 at 1:38 pm
    But if he keeps the ball and then losses it, or it gets stolen, he`s responsible and out one ball.
  6. Profile photo of Originalform
    Originalform Male 30-39
    292 posts
    December 6, 2011 at 1:45 pm
    wow this is an eyeopener.
  7. Profile photo of collegebound
    collegebound Male 18-29
    3746 posts
    December 6, 2011 at 1:54 pm
    oh look there goes my childhood...
  8. Profile photo of Buiadh
    Buiadh Male 30-39
    6740 posts
    December 6, 2011 at 1:55 pm
  9. Profile photo of bataleon27
    bataleon27 Male 18-29
    1178 posts
    December 6, 2011 at 2:00 pm
    clearly the boy has never played the banking game properly. Since banks pay interest for holding your money, you don`t pay the banks. Also, no one pays to make transfers any more and it doesn`t cost you any money to withdraw or pay by card....
  10. Profile photo of McGovern1981
    McGovern1981 Male 30-39
    14194 posts
    December 6, 2011 at 2:01 pm
    Just think they still couldn`t make enough money to stay profitable...and they say they only hire the smartest......
  11. Profile photo of mikeygryph
    mikeygryph Male 18-29
    10 posts
    December 6, 2011 at 2:11 pm
    Or you could use a credit union and gather interest on your checking and savings accounts. Or keep being lazy idiots and not move your accounts because you can`t be bothered.
  12. Profile photo of bliznik
    bliznik Male 30-39
    722 posts
    December 6, 2011 at 2:12 pm
    @bataleon27 - that`s true. You get a little bit more ball every month. ^_^
  13. Profile photo of patchouly
    patchouly Male 40-49
    4747 posts
    December 6, 2011 at 2:12 pm
    I`ve said for years that banks are the greatest scam going. They borrow your money and you pay them for that right.

    Interest is a very small percent, calculated on a yearly balance (i.e. let the balance drop to zero, even for a second and you`re interest is gone) I haven`t seen any interest payments in over ten years. Then, they hit you with monthly fees. This month, for my allowing the bank to borrow my money, I paid $24 in monthly fees.
  14. Profile photo of piperfawn
    piperfawn Male 30-39
    4878 posts
    December 6, 2011 at 2:29 pm
    It`s exactly like that.
  15. Profile photo of Stand4Christ
    Stand4Christ Male 18-29
    35 posts
    December 6, 2011 at 2:49 pm
    It`s called a credit union. Shop around, you`ll find several without fees, or at least very simple ways not to have fees, like direct deposit. The only way banks are still in business is laziness.
  16. Profile photo of Grendel
    Grendel Male 40-49
    5633 posts
    December 6, 2011 at 3:00 pm
    They left out the part where when the little boy is not using the ball, the bank loans his ball, along with other`s peoples ball, to a guy who wants to build a baseball stadium (for a fee). When they guy`s stadium is complete and he can, he gives the balls back to the bank, plus more balls.

    The original boy still has access to his ball, and also gets a yo-yo out of the deal.

    The stadium builder has built his stadium (employing builders and contractors and such in the process) and now is making more balls from the people who come watch the games, and in the process has created jobs in the ticket booths, concession stands, and for clean up and parking. All his employees are happy as now they can get their very own balls.
  17. Profile photo of Grendel
    Grendel Male 40-49
    5633 posts
    December 6, 2011 at 3:03 pm
    Then comes Orian Windsong Smith.

    He wants a ball, too, but all his life he`s been told `You DESERVE a ball!` and never contemplated actually doing anything to earn it.

    He looks around and see who has the balls. So he says `The Banks have too many balls!`. And calls the stadium owner `the rich` and yells `take his balls!`.

    Everyone looks at OWS like the idiot he is.

    The moral of the story: "If you don`t have any balls, don`t mess with those who do."
  18. Profile photo of TKD_Master
    TKD_Master Male 18-29
    4794 posts
    December 6, 2011 at 3:31 pm
    This is why you move to a bank that doesnt charge any fees whatsoever (except overdraft fees, that is a legit and fair fee). *cough* US bank *cough*
  19. Profile photo of kingdomCome
    kingdomCome Male 18-29
    338 posts
    December 6, 2011 at 3:38 pm
    Seriously, where are you guys banking? I`ve never paid a penny to a bank while being in credit. My bank pays me to keep my money and I move my credit around to whatever 0% is available
  20. Profile photo of PopCap
    PopCap Male 30-39
    730 posts
    December 6, 2011 at 4:00 pm
    Does no one understand OWS? Guess not.
  21. Profile photo of CalicoBlacki
    CalicoBlacki Male 50-59
    16 posts
    December 6, 2011 at 4:16 pm
    People don`t understand banking for the same reason they don`t understand OWS. They would rather be willfully ignorant and go about their Stepford lives with their Stepford wives. Apathy of the masses is the greatest asset of the oppressors. Welcome to the future, you tools. To be fair, most folks don’t give a rat’s ass about tyranny or banks these days, as long as they get theirs and they look like they’re on “the right side of things.” Adolph Hitler and Joseph Goebbels understood this perfectly. See for more.
  22. Profile photo of tvremote
    tvremote Male 18-29
    447 posts
    December 6, 2011 at 5:39 pm
    Oh god so much retardedness. If that`s all you think banks do then please go back to your communes. No one in the real world cares about you.
  23. Profile photo of IrishJesus
    IrishJesus Male 18-29
    483 posts
    December 6, 2011 at 5:51 pm
    Wait, what? My bank doesn`t charge me sh*t for my checking account. Sounds like someone is getting scammed.
  24. Profile photo of MCMXCIII
    MCMXCIII Male 18-29
    356 posts
    December 6, 2011 at 6:01 pm
    ...and I may not have your ball when you most need it, because I`ve lent it to someone else.
  25. Profile photo of Angelmassb
    Angelmassb Male 18-29
    15512 posts
    December 6, 2011 at 6:18 pm
    That is why Im the 99%
  26. Profile photo of johnkelley
    johnkelley Male 18-29
    59 posts
    December 6, 2011 at 6:44 pm
    hmm, Capital One gives me free checking with rewards. I pay no ATM fees, which I hardly use, and they send me a debit card, that I don`t pay for, to use my money, for free, whenever I want. The "Banking" this refers to is loans, in which you pay someone to allow you to use money you don`t have at the time, by paying them back plus interest.
  27. Profile photo of jamie76
    jamie76 Male 30-39
    2346 posts
    December 6, 2011 at 8:02 pm

    this is referring to the mirad of FEES banks charge you to handle your money, which they need to stay in operation. This is not about loans.

    Wells Fargo, my now former bank, wanted to charge me 15 bucks a month for my checking account...I told them to blow me.

    I went to a credit union where there are no fees. I has a happy now.

    also, isn`t capital one only a credit card company? I`ve never seen a single captial one branch anywhere.
  28. Profile photo of techgeek07
    techgeek07 Male 30-39
    2589 posts
    December 6, 2011 at 10:51 pm
    As long as my balls are safe and secure. J/k Banks blow. Go check out credit unions
  29. Profile photo of xCYBERDYNEx
    xCYBERDYNEx Male 18-29
    4903 posts
    December 7, 2011 at 12:38 am
  30. Profile photo of OhNoFrodo
    OhNoFrodo Male 30-39
    333 posts
    December 7, 2011 at 4:11 am
    Oh and don`t forget the bank can also use your ball on some "pie in the sky" scheme. When the scheme collapses and the bank looses yours and everyone elses balls, they can then go the big european bank to borrow another ball....of course this ball is one you gave to the big bank through your mummy and daddy (government) so isn`t yours but you can borrow it! (and the manager of the bank still get their yo yo bonus at the end of the year
  31. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    December 7, 2011 at 5:54 am

    Stop trying to incite another tired OWS argument. This post has nothing to do with OWS, let alone the kid in the cartoon saying he "deserves" a ball; it`s already his ball. If you want to cry poo over OWS then wait for another inevitable OWS post, don`t bring your garbage to every post that has anything to do with money.

    And like patchouly said, the interest you get paid for keeping your money there is a ridiculously low percent. The only way you`d ever see any real return through interest is if you have many thousands of dollars in that account.
  32. Profile photo of jtrebowski
    jtrebowski Male 40-49
    3332 posts
    December 7, 2011 at 7:09 am
    @MeGrendel: Taxpayers usually cover most of the costs to build those stadiums.
  33. Profile photo of Grendel
    Grendel Male 40-49
    5633 posts
    December 7, 2011 at 2:14 pm
    patchgrabber-"This post has nothing to do with OWS"

    and has less to do with Banking. It does not resemble reality in any way. It`s a trite joke that the poster thinks is clever and relevent (it is neither).

    If one posts fantasy, don`t be surprised when someone runs with it.
  34. Profile photo of OutWest
    OutWest Male 50-59
    546 posts
    December 7, 2011 at 4:57 pm
    ....sounds more like government to me.
  35. Profile photo of oOrphanZz
    oOrphanZz Male 18-29
    4 posts
    December 7, 2011 at 10:28 pm
    Mattress Baby
  36. Profile photo of Cajun247
    Cajun247 Male 18-29
    10714 posts
    December 8, 2011 at 6:58 am

    ...and that DOESN`T bother you?
  37. Profile photo of patchgrabber
    patchgrabber Male 30-39
    5812 posts
    December 8, 2011 at 9:25 am
    and has less to do with Banking

    Bank fees have little to do with banking? That`s news to me.
  38. Profile photo of Mantistador
    Mantistador Male 18-29
    2200 posts
    December 8, 2011 at 10:51 am
    dont like it? keep ur money at home and risk it being stolen one way or another... the difference here is it takes much longer for all of it to be stolen in a bank
  39. Profile photo of QualityJay
    QualityJay Male 18-29
    303 posts
    December 8, 2011 at 2:42 pm
    You`re free to keep your cash at home...
  40. Profile photo of beggy2differ
    beggy2differ Male 18-29
    7 posts
    December 11, 2011 at 10:51 am
    Yes you can keep your money at home, and then be subject to the "poverty tax". If you do everything by cash or money order you have to cash your check somehow. Businesses often charge money for that service, so you pay to use your own money. Also some businesses don`t accept cash as payment anymore, for example my apartment.

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