"Banking professionals " do NOT have your best interests in mind. They have the interest of the bank and the bank's shareholders in mind. They are in business to make money first and foremost. You are a source of profit for the bank. That is the way capitalism unchecked works. And no, the Fed is not likely to change the rules.Hello,
Would you agree Neil that the Fed rules need to be reviewed and changed if needed? Currently, some of the rules are working against hard-working people, and crooks sitting in their pajamas (as one of the discussion participants stated) know exectly how the banking system works, and they use the channel to take advantage of many of us, and Chase bank doesn't even want to acknowledge that there is a problem! In general, when we seek professional advice we trust the professionals that they have our best interest in mind. In this situation, I had listened to the advice of the banking professionals, and now, I am the one being blamed for being irresponsible.