People Get Ready

[ make levees, not war ]

Uh oh … there goes the bank!

Posted by schroeder915 on April 9, 2006

I’m none too happy about this. I bank(ed) at Hibernia because it was locally-owned, had much better service than other big banks, and it had a reputation for investing in the New Orleans community. Knowing how Capital One made it’s money screwing people on credit cards (including me), I’m not very optimistic that it’ll keep up the commitment to the local community. And besides, are we going to change the name of the Hibernia tower — that beloved landmark of the New Orleans landscape, whose tower when lit was once used as an official lighthouse to aid river pilots navigate on the Mississippi — to the Capital One tower? How obscene! The least Capital One could do is leave us with the familiar local name.

Nope, I don’t like it one bit, so I’m pulling my money out of Hibernia Capital One this week in protest! BASTARDS!

4/10/06 update: So this is weird — PGR got listed in the Capital One Google Finance page for this post.

4/11/06 update:

A select group of top executives, led by Richard Fairbank of Capital One Financial, earned $100 million or more last year, even after ten years of unprecedented CEO salary increases. (Fairbank earned $56 million in stock options alone.)

Hat tip: The Nuggery.

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