For those of you that don't know, I used to work in the lending field myself. I watched the market crumble as companies tried to compete with better mortgage products. Watching rates climb higher and higher, fees growing bigger, and people (our customers) being taken advantage of. I worked for what the mortgage industry called sub-prime . To me this meant the people who didn't necessarily have a down payment or huge assets. These loans where for the everyday person that always dreamed of owning their own home, but never could quite reach that goal. For whatever reason. I won't go into detail even though I could say so much. I also know that it is a touchy subject with some people.
I chose to resign when I saw the market become something no longer working for the people. The same products I sold, were being used against borrowers for a few extra bucks to a bank. The point to this story is to explain this. I woke up one morning and heard that Washington Mutual, whom I bank with. Had been taken over by Chase banking. Now it's still a work in progress, but my first trip into the bank as they remodeled the branch I use. It felt cold and drafty. Men were lined up in heavy business suits, and deep voices. The workers at the counter were the same, but everyone else had changed. The greediness of a handful of people had affected my own life as well as many others.
I remember the morning I woke up and heard the news of my bank, wondering if I could take all my money out that day, thinking that I would lose it if I didn't. Despite all this nonsense, the employees stress that this is a positive change for them, so I am giving them the benefit of the doubt. This economy has made all of us pinch our pennies, question our lenders, and loose our favorite small busineses. I hope that the changes being made, all turn out positive in some way, if not just to wake us up to reality and make us see the small stuff again. I hope that when the economy does come around, we will all have a fondness for our fellow people, as well as trust within our businesses.
**note:: If anyone would like to share a remark please keep it non- offensive. I would love to hear stories, however this article is not here to offend anyone, I am not responsible on how some individuals may interpret this article . I also aplogize that this is not craft related. I just felt that I wanted to share.