$4B already moved to credit unions and local banks: 100% of the 99% should move their money

In the drudgery of tracking LabCorp’s tender offer for Orchid Cellmark that likely will bury mishandling of forensic evidence if allowed to proceed, I stumbled across yet another glaring insult.

It won’t directly endanger your life – unlike forensics foul-ups that contribute to incarcerating thousands of innocents while the guilty find new victims.

It’s more along the lines of a sucker punch.

The two links below verify the 9.7% that passive investors’ mouse clicks will earn from a low-risk tender offer involving Crescent Finance/Crescent State Bank … compared to the from .05% to .5% that Crescent State Bank depositors are earning on their savings accounts, money that was likely earned from work involving much more than mouse clicks.

The other party in the offer – Piedmont Community Bank Holdings – would be more befittingly named Piedmont Community Bank Chokeholdings, I’m thinking.

Moving your money to a credit union or local bank won’t be a sucker punch, it’ll be another well-deserved roundhouse.

http://seekingalpha.com/article/307296-low-risk-opportunity-in-piedmont-s-tender-offer-for-crescent-financial

http://www.crescentstatebank.com/resources/current-rates.html