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This is the most blatant example of corporate chivalry I've seen in a long time. My own credit union has "finances for women" lectures, but men are welcome to attend.
Lower interest rates for vaginas? This cannot be legal. Obviously some women with backgrounds in women's studies are in positions of power in the bank. Will someone who knows how please sue their asses?
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I guess they can get away with it since they apparently permit men to join. Even so, I wonder if men get all the same services? One of the articles under "Press" explains how the bank has set aside $5 billion for loans to "women owned businesses." To sue them I think a man would have to join and apply for one of these loans and see how the bank responded.
In any case, I don't think a bank or any private (or governmental) group should be able to promote programs as "woman only" any more than they could offer something as "white only" or "hispanic only." Even if the racial or gender requirements are not enforced, such overt discrimination should not be allowed.
Why is this not obvious to people???
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by Anonymous User on Wednesday December 03, @11:13AM EST (#8)
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I've got no problem with Augusta not having any women members, although the club (from what I understand) is not formally limited to men. On the other hand, there are many laws barring discrimination in lending even by private organizations. These laws came about from banks discriminating against African-Americans and basically preserving segregated neighborhoods. It's not surprising to see the women's movement using old-fashioned tactics used to hold African-Americans down. Well, at least men will get better appreciation for how blacks felt.
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by Anonymous User on Wednesday December 03, @08:36AM EST (#3)
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Is anyone really surprised that the feminist virus that has "effected change" from the inside of every institution - would eventually rear its ugly head as to what all goal behind feminism has always been about - privilege for women, end of story. The same "privilege" that feminism has been supposedly campaigning against for all these years.
Is the emperor wearing cloths NOW?
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I would point out that Citigroup is one of the major corporate sponsors of the Masters Tournament (of Augusta fame). As far as I know, they have not withdrawn their sponsorship even in the face of some pretty public and vitriolic abuse from the likes of Martha Burk. Perhaps they do this in an attempt to "balance" their constituencies. It's reprehensible and discriminatory either way. I just suggest this as a possible motivation.
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Usually sales gimmicks that are aimed at "women only" turn out to be rip offs in some way or the other and are used to sell products or services that are of mediocre quality and over priced.
This particular sales pitch has a hefty $125.00 per year membership fee! This alone should be taken as a warning alarm about a possible scam.And why get a low interest credit card from them? I get offers of introductory rate no interest/no fee credit cards all the time. And I just bet this low interest credit card offer has an annual fee and a fat finance charge every month. And you pay the annual $125.00 membership fee for the privilege of getting one! Another thing is the on-line financial planning tools offered are free to the public and admitted to in this statement!
""""+ These financial planning tools are free of charge and you can access them whether or not you are a Smith Barney or a Citibank client, or a Women and Company member."""""
Frankly, if I were a female I would not buy into this deal. Not only does it reek of misandry, and possibly illegal under California law but it stinks in other ways too!
I had a Citibank credit card at one time but not now nor would I ever do business with these stupid buttholes again. Brillant market share tactic! Alienate 50% of the potential customer base and possibly get a big fat class action suit dumped in your lap. Duh! : - D
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This strikes me as pure sales gimmickry guys. The only reason it's for women and not men is because they're taking advantage of todays social norms (where women only is fine but men only is HORRIBLY HORRIBLY BAD). Overall it seems like a pretty crappy deal that they hope to make a premium on by selling with an illusion of exclusivity. At the same time they're trying to avoid any legal problems by including in the small print that there's nothing REALLY exclusive about the program.
Dave K - A Radical Moderate
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Some of the "problems" that women face in life:
1) The husbands that support them usually die long before the woman does leaving a lot of widows over the age of 65.
2) A lot of women live till over the age of 100.
3) Because women, on average, will live longer than a man, the woman has to save more for her retirement years. (Oh God!! I hope no one discovers the secret to eternal youth! Then women will really have it bad!)
4) They make 80% of consumer goods purchases.
5) They must sit to urinate.
Yup, with all these problems that women face, now I see why they need so much help.
R
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... clubs for Citibank.
Citibank really is dispicable; this is just ONE example of their dispicability. Smith Barney has gotten into major trouble too recently for book-cooking as I understand it.
When you lie with dogs, you get fleas. Anyone who lies with Citibank will be flea-bitten by morning. What a total sucker's scam, and note it is headed up by women, too.
Sugar and spice, yeah, sure....
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