My disdain for the US Banking system should be obvious to anyone who follows my blog. Their attempts at modernizing, really are just “lipstick on a pig”. While most countries are looking for ways to get out of the check processing business, and many to avoid it all together, using micro-banking and straight-through-processing to enable both a more effective user experience, and also reduce risk inherent in a real-time banking system. The UK even initially announced an end-date for the use of “cheques” in 2018, although that was later withdrawn. It’s still possible to transfer money between accounts in different … Continue reading Just checking in…
[3/22/17 Edit to add audio from soundcloud] On Friday I had a half-hearted attempt to explain to our 8-year old why I wouldn’t wear green, and why I could NOT celebrate St Patrick’s Day. It’s really quite staggering the level of cultural appropriation St Patrick’s Day has achieved. A celebration of the worst caricatures of the Irish, drunk, leprechauns, and four leaf clovers Then today, on reporting the death of Martin McGuinness, former deputy first minister, and A former Provisional Irish Republican Army (IRA) leader. I was listening to BBC Radio, and among the people to be quoted was former … Continue reading Mixed legacy and cultural appropriation
Look, the jobs that are lost, are not coming back, get over it. When Trump claims he’ll bring back jobs, he either has no idea what he is talking about, or he envisions some dystopian future where Americans are more like slaves than they’ve been since, well, slaves. I will bring our jobs back to the U.S., and keep our companies from leaving. Nobody else can do it. Our economy will “sing” again. — Donald J. Trump (@realDonaldTrump) March 15, 2016 China and Mexico are not the problem, automation is. Even if Trump were able to force companies to bring … Continue reading Bring back what jobs?
I’ve been avoiding blogging during the election cycle to stay away from turning my blog into another pile of steaming bile. The more I learn about Strumpf(any coincidence to John Olivers #makdonalddrumpfagain purely coincidental), the former CEO of Wells Fargo, the more he becomes the poster boy for everything wrong with the “too big to fail” banks. The head of any organization sets the strategy, and the tone of the implementation of the organizations strategy. Bad ones do only one, or neither. Strumpf seems to be in the later category based on his testimonial to a House panel on the … Continue reading Everything wrong with the US Financial System in one man
I’m still mystified over banking here in the USA, some 20-years after leaving the industry in 1986. Arcane rules; differences from State to State; duplication, overlap and the too-big-to-fail banks. I’ve complained here before. My current frustration comes from trying to maintain two different credit union accounts. One in Texas with Amplify FCU (the ex-IBM Employee credit union) and another in Colorado, Elevations FCU. Elevations web and mobile apps are far better than those from Amplify. But both seem to be “hand-tied” by rules that were credited back in the 1980’s. Today’s frustration is summarised in these tweets. 1. Credit … Continue reading Shared, Co-operative banking