My Favorite Business Resources
- Cheap Business Phone Service - Make phone calls anywhere for free or darn close to it.
- Cheap Printing - Always amazing deals on cheap printing with loads of free items.
- Manage Mobile Phone Costs - Great phone for controlling cell phone costs for business or teenagers.
- Really Good Web Hosting - As bullet proof as there is. A strong hosting provider with all the resources you need.

My Favorite Credit Resources
- Consolidate Your Debt - One monthly payment. Stop collection calls.
- Help Budgeting - Online and easy.
- Lower Your Car Payment - Refinance to reduce your monthly payment.
- Credit Report / Credit Score - This consolidated report is better than most.
- Credit Cards - Find the best card for you for low rates, balance transfer, credit rebuilding and rewards.

Dec

2007

Do You Agree With This Banker?

Posted by Steve Rhode as Banking

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Recently I asked a banker the following question. Here is his reply. Do you agree with it?

Steve

Question: I guess the for me the ethical problem with banking comes down to seeing a dog laying by the side of the road that has been struck by a car. Do you just drive by without concern and say that keeping cars moving is your primary goal or do you stop and provide compassionate care for the wounded because it is the right thing to do?

Banker Answer: The answer to the dog question is, it depends on who you are. If you are a private citizen, you take care of the dog if you love dogs, otherwise you ignore it. If you are a representative of the SPCA, then you must take care of the dog. If you are a traffic cop you must focus on keeping cars moving.

The same logic applies to loan defaults. If you work for a housing agency or a private foundation helping tenants, then your job is to prevent evictions. If you work for a bank, your job is to get the loan back. The fact that homeowners in default need someone to take care of them does not mean that that someone has to be the bank.

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Steve