Big Bankers Mounting Sneak Attack on Consumers

Big Bankers Mounting Sneak Attack on Consumers

www.alternet.org

Across the board, fees have skyrocketed to their highest levels on record, including assessments for such common occurrences as overdrafts (as high as $39), stop-payment actions ($39 -- double what it was 10 years ago), balance transfers (up more than 50 percent in the past year) and ATM use (nearly doubled in 10 years).

To add insult to injury, the banks blame us for their rate increases.

(visit the link for the full news article)

let me get this straight...

The banks are bailed out with TRILLIONS in public money, for the mess they created in the first place.

They then use the mess they created as an excuse to raise banking charges.

Of course they don't care that this will have the knock on effect of making peoples lives even more difficult and probably set the economic recovery back even further.

These people have no conscience, they have no soul, they have nothing except the insane pursuit of money, and they don't care who they affect, or how it effects the country, the economy or anything else.

Is this REALLY the American dream?
"I'm alright Jack, and everyone else can get lost"

www.alternet.org
(visit the link for the full news article)

I don't know about the American dream, but it certainly is the capitalist's dream. You get what you grab - and they have grabbed a lot.

The solution is simple.. stop using banks.

reply to post by VitalOverdose


I already have.

I now use my local credit union.

I would urge everyone else to do the same.

reply to post by budski


I've avoided using a bank for almost 20yrs now

Originally posted by The Last Man on Earth
I don't know about the American dream, but it certainly is the capitalist's dream. You get what you grab - and they have grabbed a lot.

The capitalist's dream is not about abusing any power you may have. It is not about hurting people. I'd suggest reading a little so that you can make educated comments and not just inflammatory ones.

Don't get me wrong, I do believe that that's what a lot of businesses today do, but what I don't agree on is that that's what capitalism is all about.

What it is about is letting the markets determine who gets to stay in business because they produce something that others want.

Oh, yes. Shop for a bank wisely - credit unions are best. It took me over a month and inquiries to 17 different institutions to find one that offered "free" checking. BOA charges $9 a month just to have a checking account, and you must keep a minimum balance of $100! They do offer a free account for "students". I'm not a student, but the account specialist offered to list me as a student so that I could get a free checking account. I told her, "No. You can't do that." She said that of course she could! I said, "No, thanks. I really couldn't trust a bank who would willingly lie on applications with my money," and left.