Bone headed: But what about all the legislators that "work" for them.
Aren't they enough to carry the burden?
I'm pleased to see that nearly all of the comments are honest and to the
point. Zions is not (directly) Church owned, but they most certainly dance to
the Tabernacle Choir. I say banks should be non-profit institutions. If they
fail, let them fail. The notion of an institution that does nothing else than
push digital numbers around is immoral. If Zions bank wants more bailout money,
then they should go to the Tithe payers, not the tax payers.
A more accurate name for "Zions Bank" would be "Just another Bank in
"Zions " bank needs to be stripped of it's presumptuous name.Zion is a place where the people's hearts and minds are ONE and
there are no poor among them.And, they dwell in righteousness.Banks of course, profit from the misfortune of others and there is MANY poor
because of their banking practices.
So much for the idea that Salt Lake is a boomtown.What's up with the
commercial real estate weakness? It sort of makes you wonder what's going
on with Hamilton and church real estate. And why are we building another tower?
Just to have a Broadway-type theater? I hope not.
Having dealt with Zion's bank for over 40 years of loans, and savings,
checking, and credit cards this bank has weathered everything that has come
along so they are doing something right that every other bank in Utah has failed
miserably as financial institutions.I was very pleased at the failed
bank merger with first security which was the bank in trouble trying to be
bailed out by Zions. Having been a First Security patron also I understand why
they failed, and wisdom not to merge blocked many problems.Its a
well known fact that the federal reserve is the least qualified financial
institution in the world to judge the credibility and stability of any financial
institution. I think their make or break failed point must have been based on
the amount of line of credit that Zions has with the federal reserve was too
low. If they don't need a high line of credit like most mismanaged business
in Utah then that is a good sign they are not an at risk organization and
deserves some credit for its historical ability to weather economic stressed
disasters, something the feds and college grads are unable to accomplish.
Zions need more quality leaders and employees. Scott Anderson and Harris Simmons
can't carry the corporation alone. Having dealt with Zions for years,
Scott, Harris and a couple of others are the only ones that really positively
can influence this company. Literally, there is no bench strength at Zions. I
think the cast was set when the First Security/Zions merger didn't happen.
That was a bad day for Utahans and continues to this day.