Banking Business Part 2: Key Bank Puts Hero On Ice

So Jim Nickolson bank teller at Key Bank is the target of a robbery.  Instead of just handing over the doe, he chases the criminal down and holds him for police to apprehend.  Key Bank fires Nicholson because he didn’t follow procedures in just acquiescing to the robbery. 

I’m kinda conflicted on this issue for a few reasons.  Surely the money that the thief stole was insured.  It would not have been a problem with them getting it back.  Equally true is that Nicholson’s attempt at heroics could have cost his life as well as the lives of other innocent people.  He says he understood the bank’s policy as well as why they fired him.  But that his instincts took over.  I can dig it.  It took big stones to chase this guy down understanding that it was a potentially dangerous thing to do.  I say this especially in light of former boxer Vernon Forrest being shot several times and killed recently in Atlanta for going after guys who robbed him personally.  Chasing after a criminal is a risky proposition.  It can go either way and one can end up admired or eulogized as a result.

On the other hand, I think back to a time when some friends of mine were robbed in a high profile bank robbery case locally a few years ago.  Two women who were roommates were abducted by some really sophisticated bank robbers.  They binded them in their own apartment over an entire weekend waiting on Monday to arrive, at which time one of the women was taken to the bank in the early morning hours to hit the safe.  Later we learned that they had staked out the apartment for weeks to pick up their patterns.  Since I was married to the branch manager of the same bank at the time, my home was staked out too but since our patterns of returning home were too sporadic we were not kidnapped.

Thank God they both made it out alive.  But they were terrified for months afterwards, and obviously had to immediately move from their apartment.  As bad as the memory of the robbery was for one of my friends in particular, what made the situation even worse was the way the local police, bank security and the FBI went about interrogating her about the incident as if she were a part of the caper.  She was literally driven to a nervous breakdown and for quite a while it seemed as if no one in authority had any love for her situation. 

It reminded me of the movie “Set It Off,” when the Vivica Fox’s teller character was robbed.  She was blamed simply because her window was picked by the robber.  My guess is that Nicholson would have caught some grief and would have had to prove he didn’t know the assailant or was party to the robbery if he didn’t do anything.  Sort of a lose lose.

I’m hoping that someone out there will see Jim Nicholson and offer this guy a job.  He may have broken procedure, but he is a gutsy fella!

Banking Business Part 1:- Bank of America Is Fined for Foolishness

Bill Mahr named them best.  Skank of America!

It seems the bank is agreeing to pay a $33 million fine for bonuses that were paid to Merrill Lynch executives.

They lied to shareholders when they said they wouldn’t do such a thing… but did so anyway.

I say $33 million is a paltry sum for a bank of this size.  But what are you gonna do?   Obviously they can do what they wanna anyway.  If they fired the people who made the decisions to pay the Merrill bonuses, I’m sure they would have walked away with more than $33 million in separation compensation. 

As for the American tax payer?   BOHICA buddy!  That stands for: Bend Over!  Here It Comes Again!