I don't see how some people are just so blind they think businesses run for free.
Yeah we get it, you are fixated on the idea that banks are evil. But at the same time, you have no problem using credit card, an "evil" financial instrument banks created, no problem with direct salary transfer, another financial instrument banks created, no problem with your 401k, mutual fund and other financial services bank created, no problem using Internet, Google, Windows, and many other innovation funded by banks and those wealthy investors, no problem using road, bridges, school buildings, all funded by capital investment loans from banks.
It's pathetic to see all you anti-bank people crying how evil banks are but shamelessly enjoy all these convenience, innovations funded and created by banks.
I noticed that Alec Baldwin is a spokesman for Capital One while watching Hulu today. Kind of interesting, one of the biggest liberal crusaders siding with the big banks.
Obviously you don't get it. Banks are no more evil then fire, but when allowed to grow unrestrained and largely unregulated they can certainly become evil. If you haven't quite figured out that too big too fail and too big to jail is undemocratic and leads to abuse I suggest pulling your head out of the toilet.
Obviously you don't get it. Banks are no more evil then fire, but when allowed to grow unrestrained and largely unregulated they can certainly become evil. If you haven't quite figured out that too big too fail and too big to jail is undemocratic and leads to abuse I suggest pulling your head out of the toilet.
Unregulated? Go work for an investment bank and come report back if there is any regulation. The problem is you haters have no clue what the fvck you are talking about other then yelling some empty catch phrases.
incentive for you to bank? If you want to take cash from your employer and put the money under your pillow, go right ahead. The benefit of banking goes both way, you are an idiot to think only bank benefit from your business, and should bend over to ask for your money.
In fact, bank incurs more cost doing business with you then doing business lending out money. ATM machine and network cost tons of money. Branches and tellers serving you is big chunk of the business and it cost money. The computer system to manage your deposit cost money. The infrastructure to receive your bi-weekly salary deposit cost money. The infrastructure to handle your check, debit card cost money.
Bank has every right to try and charge for those services as they cost tons of money. It's a free market, and different banks has different charges, that's the price of banking. You can shop around, but b!tch about it and expecting to bank for free just show how idiotic you are.
The problem with you apologists is that you think this whole thing is some people whining over a $5 fee.Unregulated? Go work for an investment bank and come report back if there is any regulation. The problem is you haters have no clue what the fvck you are talking about other then yelling some empty catch phrases.
I noticed that Alec Baldwin is a spokesman for Capital One while watching Hulu today. Kind of interesting, one of the biggest liberal crusaders siding with the big banks.
Yeah the Fed could just print 4.5B and give it to the banks and it wouldnt even make the news.
I am glad people decided to move their business to some other institutions even if it was not felt much.
Unfortunately there's no better way to make statement than doing this kind of thing. Letters or complains are likely to end in limbo...and through the political channels...too much Lobbying.
Protest BP for the spill...don't buy BP gas.
Hate BoA...don't bank with them.
Some people would like but can't or is way too incovenient...it's alright, no big deal if you cannot.
Yeah we get it, you are fixated on the idea that banks are evil. But at the same time, you have no problem using credit card, an "evil" financial instrument banks created, no problem with direct salary transfer, another financial instrument banks created, no problem with your 401k, mutual fund and other financial services bank created, no problem using Internet, Google, Windows, and many other innovation funded by banks and those wealthy investors, no problem using road, bridges, school buildings, all funded by capital investment loans from banks.
It's pathetic to see all you anti-bank people crying how evil banks are but shamelessly enjoy all these convenience, innovations funded and created by banks.
Give it time. Retailers not passing the savings on to their customers creates a business opportunity for their competitor to undercut them. It's just a matter of time before all companies will have to follow suit.And how many retailers passed on the saving from the Durbin Amendment? I'll give you a hint... ZERO.
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Again misplaced blame... Businesses will ALWAYS take risks to try and make money. It is the nature of the beast of capitalism. The problem is when the government basically goes HEY! We are going to make these changes... go wild! Here is where the blame SHOULD lie IMO....
The repeal of Glass-Steagall allowing the banks to do what they did.
The capital gains change for housing in '97 that basically caused the housing market to change from one of supply and demand to one of speculation.
The Durbin amendment or at least the horrible timing of it
The first 2 things were passed /w support of both sides of the aisle so who is to blame? The whole for the corporation boys club in Washington. Corporations aren't inherently evil or bad. However, when they are allowed to take huge risks for short term gains, bad things happen. The stock market entices short term gains unfortunately.
Republicans are soooo anti regulation it scares the hell out of me. There are good regulations and bad regulations and IMO Glass-Steagall was a good regulation as it protected the consumer's money.
Give it time. Retailers not passing the savings on to their customers creates a business opportunity for their competitor to undercut them. It's just a matter of time before all companies will have to follow suit.
And big banks are sponsors on the Rachel Maddow show, sometimes their ads airing right after a segment attacking them. Things aren't 'pure'.
You can attack Baldwin for helping sell the bank; is it better for a righty like Tom Selleck or Fred Thompson to get the money instead?
You can also make a case it's better for the money to go to a liberal. Debatable.
I'd say if Baldwin were really helping them much, the issue would be larger.
Similar thing comes up with people like George Soros or Warren Buffet - one minute doing harmful, profitable things, the next advocating some liberal change.
This is a win for BofA.
Excluding fees, here's what a bank makes off your deposit (on the margin):
0.25% revenue (as excess reserves with the Fed).
less: FDIC assessments (say, 0.10%)
less: variable costs
So, on a $5,000 deposit, your bank makes money if its variable costs to service your account are less than $7.50 per year - unlikely.
No, what is truly pathetic is to see people like you defending blatant violations of black letter law and we aren't talking about a few isolated violations but thousands. Those fraudulent activities cost you and everyone in this country (and a lot outside of it) untold sums of money. Money, which was fraudulently gained, that they have been allowed to keep. No indictments, no jail time, not even a clawback of the ill-gotten gains which means that the .gov they bought and paid for has provided incentive for them to do it again.
It is truly pathetic that you and others are arguing that a few elite assholes should be above the law that the rest of us peons must (and should) abide by. That is what is pathetic.