Right up your Ally

Last weekend I had dinner and the world's best Pinot makers (Kosta Browne Winery) and Ally. Not the bank, but coincidentally named friend. The other Ally, the re-created spin-off from the failed GMAC finance division says they're all about simplicity, great deposit rate of return and no small fly-spec font disclosures. So, they're flooding the market with high rate of return CDs and Money Market accounts, generally pissing off other banks. This argument cuts both ways. The banks that took TARP money generally kept it for themselves. Ally is giving it back to the investors! It looks like a "loss leader" and felonious, but they're actually saying "The government gave us money: Do you want some? Deposit with us and get a higher-than-market ROI." So for now, check them out for High Deposits. If you want the other side of the equation, call me for LOW Mortgage loans: The twin forces of banking aka Savings and Loan; the Libra scales of balance. Stimulate the economy! Come get some. Pat Townsley, Mortgage Banker. Broker #01234350. www.ptre.net