First Tentacle Bank of Planet Purplonia is getting ready to bring their business to Earth. New television ads for the bank proclaim, "At First Tentacle, we offer loans at 2% APR, savings at 16% interest. How does that grab you?"
Financial experts are a bit puzzled as to how such rates are possible. Elliot Andrews, a financial analyst, says, "Normally, banks pay much less interest than they charge. So either this is a form of predatory marketing, where they start with a loss to run other banks out of business so they can drastically raise the rates after the other banks collapse, or they are somehow operating the banks as a subsidiary of another business."
Such comments and irregularities have the banking regulators on alert. Shirley McGreen of the SEC says, "The rates and the rumors about the rates do seem suspicious, but we cannot seem to find any wrongdoing. There's nothing we can do if they're laundering Purplonian Pods into US banks, for instance; that is outside of our jurisdiction. Our treaty with Purplonia is only financial in nature, and they're not a United Galaxies member planet."
Andrews also predicts that other banks will be in serious trouble. "Since the rates are so tempting, many customers will be closing out there accounts at their banks and opening accounts at First Tentacle. The banks will scramble to do mergers, invest in high risk investments, and cut every corner they can think of to attempt to compete. When that becomes untenable, there may be serious repercussions. Don't be surprised if the executives at the other banks turn to illegal acts such as drug deals, illegal gambling, and illegal adult entertainment. They might even attempt to sabotage First Tentacle banks or try to make them go away by other means, if you catch my drift."
A random prospective customer, Loren Smith, says, "I don't think First Tentacle will have any serious problems. Think about it, they're run by alien beings. Who ever heard of people making aliens disappear? It's more likely to be the other way around. If Bank of Amanda or Wards-Fahrgot executives try something underhanded, I tend to think it will be like in Soylent Green or in How to Serve Man. Either way, I think First Tentacle will end up eating the competition, figuratively or otherwise."
Once First Tentacle debuts on Earth, one thing is for certain. It will forever alter how banks on Earth do business.