Wednesday, April 04, 2007

Patience is a virtue





Bite me! Patience. What is patience except sitting around waiting on something you cannot control? Maybe you could have, but you didn't and so here you are waiting. Well I fall into that boat, again ( meaning not the first time! ); I transferred some funds from my bank, electronically to my Brokerage house. It took 1 day to leave my account at a large bank; now the LARGE broker says it will take 6(SIX) business days to have the funds clear!!! I could have carried cash to them, but it went from bank to bank! So my question is: WTF!?!

Since interest rates are low, I know what they are doing. They are holding on to the money to collect interest of my money which is illegal because we all know it does not take that long to clear from a bank. You would think I was kiting a check around the globe for this transfer which I would deserve if I could do it! But in the past, if you sent them money, you could still trade, but not today! E-trade strikes again and forces a virtue unto me. Have you had virtues forced on you? I bet you have, but remember: patience!

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4 Comments:

Blogger Phil said...

Hi Lex,

Welcome to the real world, sucks don't it. The large Banks / Brokerage places have it over us little people.

They can do what ever the fuck they want and declare it as business as usual, what can anyone do about it, 1. You would almost need proof that they are holding on to the money to collect interest, as long as they have flimsy excuses like business as usual they can pretty much do what ever screwing with the little people that they want.

Sorry my friend, but I have experienced the screwing from large outfits like that all too many times but what can one do about it who doesn't have the large funds enough to take these bastards to Court. We little people just raise our hands and ask when for us to bend over.

9:11 PM  
Blogger Lex Luthor said...

Hey Phil: It really is screwed. Just another example of "the man" keeping the little people down! Nothing like waiting till next Tuesday to get access to those funds. At banks you can deposit a personal check and get funds next day! AHHHHHHHHHHHHHHHHHHHHHHH!!!!

7:16 AM  
Blogger Tisha! said...

Damn! They do the same shit here making interest on our money!!

The big BAD Wolf is trying to eat us alive! Chomp him back!!

6:03 AM  
Blogger Lex Luthor said...

Hi Tisha, if I knew a way to "stick it to THE MAN" I would. But they don't care! I even was going to cancel the electronic transfer the next morning when I found out, but of course my funds had been pulled immediately. Next time I will pay the banks their excessive fees for wiring funds, then I'll have access.

7:48 AM  

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