Republic Bank Half-Truths

Recently I've been getting emails and letters from my bank, Republic Bank, about "continuing to have overdraft protection." According to them, they've been glad to provide overdraft protection on my accounts all these years, but due to recent legislation passed by Congress, I will lose that protection unless I specifically sign up for it, or "opt in." They are repeatedly encouraging me to sign and send in the opt-in form.

Wow -- sounds like something I should jump on, right? After all, we all want overdraft protection for those times when we do an "oops" on our account. And that legislation -- what's up with that? Why in the world would Congress want to come between me and my bank?

Well, as Paul Harvey used to say, make the jump to get the REST of the story.

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An Ironic Blast from the New York Times Past

I stumbled across this while doing research on something else, and just find it so amazingly ironic that I decided to share. Think about the mortgage and banking crisis of the past eighteen months, and one of the major players, and then check out this story:

Fannie Mae Opposes Mortgage Legislation

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