dawitworks.com

Which banks are you working for?  A stunning statistic shows the nation’s biggest banks own 63% (up from 17% in 1995) of America’s GDP (Gross Domestic Product): http://finance.yahoo.com/news/Financial-Debate-Renews-nytimes-391084522.html?x=0.  If you’re like me, you’ve spent a countless number of months, years or decades paying banks like Chase (corporate headquarters photo below) and Bank of America.  So, where do decades of payments lead you?  Is there an end in sight or is it acceptable that pay day means banks get paid and borrowers will endlessly pay?

A recent story in the Sunday edition of the New York Times discusses  the nearly 30 year long financial fog (which, we’ve become very accustomed to) of cheap credit, low savings and a historically high dependence on banks.  As Wall Street recovers from the most economically shocking financial crisis since The Great Depression, it’s safe to say the days of  record low interest rates, easy underwriting and care free personal finance on Main Street are coming to an end.