Sunday, February 8, 2009

Bankers Who Can't Buy a Clue

Today's WaPo features 3 (count 'em!) full-page ads from banks assuring customers, in varying degrees of umbrage, that they really can be trusted with your money. Wells Fargo ($25 billion in bailout money) attempts to defend its just-canceled 12- nights- in- Vegas bonus/ boondoggle for select employees; Citibank ($45 billion) and Bank of America ($45 billion) just want you to know they're workin' hard for you. The cost of a full-page ad in the WaPo? Easily 5 figures. Your confidence in these boobs to eke out a clue that this might not be the best way to assure customers that they're careful stewards of customer savings? Not so much.

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