Discussion»Questions»Business» Banking institutions used to give away toasters to new customers as a partial incentive for having opened an account. (Continued below.)
When I was a kid they had pens chained to tables in the bank line up. I don’t think they have that anymore, but I don’t really ever have reason to go in a bank, so I’m not sure.
Thank God my banking institution still keeps a cute little bowl of multi-flavored Dum Dum suckers on the counter. free for any and all who transact business there. Its the little things that make a difference, ya know!
This post was edited by Benedict Arnold at March 3, 2020 10:51 AM MST
LOL. Thanks, Randy. I didnt even notice. These things always seem to occur when I'm on my phone as opposed to my PC. It appears that my phone doesnt recognize old English words like "ye", so it changed it. Just now it tried to make it "yes". Ugh. I hate auto correct. Oh well.
Being honest. Australia's biggest bank, the Commonwealth Bank, was recently implicated in a money-laundering scandal, and all of the "Big 4", as well as numerous smaller financial institutions (super funds, financial advisory services etc) were found to be guilty of nefarious schemes including charging fees to deceased account holders for services obviously not provided in a major Royal Commission of Inquiry about a year and a half ago. The Prime Monster voted against the commission even being held, and has implemented exactly none of its recommendations - he depends on under-the-table donations from the banks to fund his campaigns.
Randi you bring back memories of Banking before the gutting of Glass Steagull by Bill Clinton. Everything about banking was regulated, interest rates, discount window etc. So to get and retain customers Spiffs/Perks were used to attract deposits and customers.
Retail Banking was separate from Merchant Banking so we had the era of the Toaster Promos back along with the Banking Regulations. The sins which created the Great Depression were not repeated.
Alas the Greed of the Ivy League Elites among others got Bill Clinton elected. Viola Glass-Steagull was gutted. What then happened a full on attack on the Middle Class. Some of the excesses appeared in 94-95 Economic dip, 2000 Dot.com bust, 2008 the Housing Bubble which in 2009 created the Great Recession (from which only the Greedy recovered).
Those same forces are still at play in the Casino called Wall Street. I do wish we had the days of regulation and Toasters back
This post was edited by Archerchef at March 4, 2020 6:46 AM MST