Pulling my money out of Citibank
I've decided I will soon pull my money out of Citibank. I'm not pulling it out because I'm afraid of losing it when the bank goes under or is bought up to make a mega-bank. I'm doing it because I really despise their practices as a bank. They've received billions from the government because they were mismanaged and were greedy. They were more interested in making acquisitions of other banks than they are at restructuring themselves or anyone unlucky enough to have a mortgage with them. They also charged me $50 to keep my GM stock with them, which is a new fee, when my $1200 investment years ago is now worth $90. They want to charge me $50 to move it to another loan broker or $25 to sell my stock. That is the reason I'm planning on leaving Citibank, I'm being a consumer and I'm upset with the way the bank is handling their affairs. We should all do the same if we dislike the policies of our banking institutions instead of waiting for the Federal Government to step in and "save us".