olympics, day five

Day Five: Less hectic than the previous few days had been. Wrote my rodeo story and watched some American domination in the men

10 thoughts on “olympics, day five”

  1. Oh it’s the customers. I’m sure some PR group (probably a national out-of-state firm) came up with that. I bet they’ve sold it to small banks all across the country.

  2. I think it’s PR genius. Think about it: everyone’s happy. Fundamentalists think “Darn right, you know that the big white man upstairs is responsible for all this.” And everyone else thinks “Damn right! Finally some customer appreciation!”
    Josh, I should have known to check here… hell, this should be my homepage!

  3. Hell, yeah — this should be everybody’s homepage. Nice to see you around these virtual parts, Abby.

  4. Um. It’s the customers… early 2001 (or was it late 2000?) There was talk of Zion’s — an absolute corporate banking power-house in the mountain west — merging (and being subsumed by)Wells Fargo.
    Needless to say, it was not smiled upon by the investors… nor was it looked upon with any kindness by their customers. They’ve been apologizing ever since. That tag line is part of the white wash.

  5. Ok, vis10n has it wrong. A few years ago Zions and another Utah-based bank First Security were set to merge. Things turned ugly at the last minute and the merger didn’t happen. This hurt both banks, but First Security came out with their stock price at a level that was 1/3rd the price it had been going into the deal.
    First Security was then purchased by Wells Fargo, though they called it a “merger” at the time. Since then Zions has been running ads directly aimed at Wells Fargo and the fact that it is not a “Utah Bank”. So there have been ads that show how Zions has processed loans for local businesses using local people to make the loan decisions. There have also been more mean-spirited ads showing that if you are a First Security/Wells Fargo customer then all the decisions that are going to ruin your life are made in San Francisco.
    So when they say, “We haven’t forgotten who keeps us in business” it is a not-so-subtle dig at Wells Fargo, who they hate more than Satan because of the failed merger with First Security.
    Interestingly the 40-something year old executive that WAS making all the big decisions at Zions is currently charged with all sorts of strange and bizarre stuff after he called 911 to come to his house. They discovered not only his 18-year old girlfriend ODed on the floor but his 14-year old daughter as well and all sorts of evidence of nasty sex things in his daughter’s bedroom. So while those “evil people” in San Francisco might try to ruin your financial life, remember who was running the show at Zions, ok?

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