Well, this weekend was the last weekend that any HSBC branch was open in Buffalo. They've all either closed, sold to First Niagara, or to Key Bank.
I can't say I'm sad to hear it. HSBC has never treated WNY well, and has only looked at how they can take money from our community, and funnel it elsewhere. Yeah, they hired a few people, and paid them, but by and large, they funneled hundreds of millions from our community, and sent it to Wall St. to gamble with.
And, when lease renewal on the HSBC Tower came up, they cried for taxed cuts (Which are already obscenely low). They said WNY wasn't cheap enough, unless they got a break on taxes.
Not sure about anyone else, but I am sick of corporations asking the public for welfare, and threatening to leave if they don't. They're like those friends who are always asking you to pick up the tab at a restaurant, or bar; and act like you'll lost them as a friend if you don't. How long would you stay friends with a person like that? I know I would drop them like a bad habit.
Buffalo (And WNY as a whole), seems to be the friend that keeps picking up the tab. If we give them one more tax break, they'll be able to finally create jobs. Newsflash for you: Tax cuts don't create jobs. If they did, the HSBC should have been on an insane hiring spree for the past 20 years.
But, we've got a lot of local banks: M&T, First Niagara, etc. And, don't forget all the credit unions: Riverside Federal, etc. Keep your money local!
No comments:
Post a Comment