Monday, October 3, 2011
Welcome to the 21st century
My wife points out that Capital One commercial (I was showing her one on Youtube to explain why I say "What's in your wallet?" every time she mentions Capital One) says: "Welcome to the 21st century" after mentioning that Capital One has (supposedly) the highest APY of all the banks.
Which is ironic, since in the 20th century, the APY rates were higher, but, because of the governmental manipulations of the interest rate, have been steadily moving towards zero.
What the commercial should say is: "Welcome to the traditional banking." But, of course, that would be a fantasy.
at 10:13 AM