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Just so’s ya know

ally_logoJust saw an ad on TV for Ally Bank.

Huh? Who would be starting up a new bank in our current lousy economic environment? A few keystrokes later, I found out.

GMAC.

Ain’t “rebranding” a hoot? GM’s name is Mudd these days, so by all means, get rid of it! Especially when you need to fill an $11.5 billion capital hole with new retail deposits.

Details here, if you need ’em. Me and my money will be staying as far away as possible from anything GM-related.

P.S. Frankly, both the name and the purple color remind me of a new drug more than a new bank.

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SusanR

Susan Richards is a retired editor living in Thornton, Colo., near the family and mountains she loves. Her long-standing Pied Type blog contains some 3,800 posts dating back to 2002.

Categories Money1 Comment

One thought on “Just so’s ya know”

  1. Gosh, you’re so smart- I had no clue- thanks for this heads up. Crafty little fuckers!
    _________
    Seems like they should have to include that disclosure in their ad. It’s on their website, and I hope it’s on any paperwork a new customer has to sign.

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... and that's my two cents