The backlash should be directed at Congress.
Part of the reason Congress gets away with this is that every time they do it, people blame it on private industry. It’s not the result of the capitalist system. It’s the result of regulation, and government.
“The backlash should be directed at Congress.
Part of the reason Congress gets away with this is that every time they do it, people blame it on private industry. It’s not the result of the capitalist system. It’s the result of regulation, and government.”
Worth repeating. Over and over.
This is a direct result of government regulation. If you think this is only going to affect B of A you are mistaken. Things like limits on overdraft fees, etc. etc. are going to cost all consumers money. Banking services cost money and the more government regulation they have to deal with the more these services are going to cost you, simple as that.
While Congress does have a role in screwups. Nothing is making BoA or any bank do this but greed. They make plenty of money. The reason for these fees is simply another way to stick it to the little guy.
I’m sure the bonuses of senior management will come from these new fees.
What you say is more than true. But just because Government deems something now LEGAL doesn’t mean a business or a person should DO IT just because they can.
I don’t plan on marrying a woman. I don’t plan on having an abortion. I’m free to conceal carry in Wisconsin now - but I don’t feel a need to pack heat on my daily round.
Just sayin’.
If the Free Market really were FREE, and we had actual wo/men elected that have READ our Constitution, this sh!t wouldn’t get through Congress in the first place.
I’ll be in my bunker if you need me, LOL! :)