Opinion Posted by John Liming
(Friday, September 30th at 6:57 AM EST USA)—-If there weren’t enough outrages for Americans to contend with, now there might be another.
It has been reported that iconic Bank of America has announced intentions to charge fees to customers who use their bank debit cards when making purchases.
The giant bank is said to have announced that the planned debit card fee will be $5 and that that all this is set to transpire early in 2012.
It is said that other Big American Banks are also scrambling to climb aboard the “Fee” bandwagon as recently-enacted Federal legislation starts to place limits on fees that can legally be charged for things like overdrafts and so on and so forth.
In my view, there can be little argument about many banks having gone a little “Fee Crazy” in the past couple of years.
The sad part of all this is that I can remember the time when a bank was a user- friendly place and America had usury laws on the books to keep Mr. and Mrs. Main Street America from getting the virtual shaft at every fiscal turn.
I remember when a person could walk into a bank and open a savings account and actually expect to be paid interest on the money deposited into that account. My simple passbook savings account, for example, paid me 5% interest. Can you even begin to comprehend such a thing in this world of Right Wing greed?
I hope my Readers understand that a debit card is not the means by which to obtain a loan. The debit card is a vehicle by which bank depositors gain access to their own money—money they have deposited in a bank– and a fee charged by a bank for the use of a debit card is a fee being charged to the depositor for using his or her own funds.
That kind of of flim flam makes my blood boil and tells me that I should simply start carrying more cash around with me–or try to find a bank that actually appreciates my patronage. Right now, for my own purposes, I am thinking “Credit Union.”
You know what Big Banks? I know that many of you aren’t doing anything to help this depressed economy! I know you are sitting on billions of dollars that you could be using to get our economy going again if you wanted to. But you don’t give a damned about the Economy, do you? Your bottom line is all that is important to you, right?
Don’t come sneaking around me telling me how Patriotic you are or how much you care about my well being. You don’t fool me for a second!
And as to your “Fees” for my debit card?
Let me clue you Big Banks in on a little secret: You aren’t doing me any favors by issuing that card in the first place. It just encourages me to spend more than I can afford.
You know what Big Banks? I am the one rendering the service by using those cards. I am rendering a service to you…the Big Banks by patronizing you in the first place. I can pay cash for what I need. I did it before and I can do it again! I will do it again!
I will break my dependence on the Big Banks and their greedy ways!
Let Right Wing Radical America and their Big Banker Buddies have each other! “Who needs them?” is what I say.
I guess part of the justification for this nastiness might be the lower demand for loans because of the Republican Recession that we are saddled with.
The Far-Right-Wing-despised “Government” is requiring banks to keep larger amounts of operating capital on hand since the great bank disaster of a few months ago and has done a few other things to try and give consumers a little break. That, of course, is how Democrats are! They want to give the “Little Guy” some breathing room.
So some of the Big Banks are obviously on a path to stick it to their loyal customers now with these new fees because, as has been noted, “The economics of Debit Cards have changed.”
Well no crap! That is the understatement of the decade as far as I am concerned!
I guess the billions of dollars that many banks already rake in from so-called “Nickle and Dime” Customers (You and me) aren’t enough to satisfy some of the virtual Robber Barons at the top of the heap.
To me, this outrageous move by the big banks who are involved has “Conservative” written all over it. Where in the Name of God is the end to all this “Rip The Consumer Up The Back Side” nonsense going to end?
Hard times just don’t get no easier do they friends?
You know what folks? That cookie jar in my kitchen cabinet and that mattress where I used to stash extra cash are both beginning to look awfully tempting to me right now because I am in the mood to walk into my friendly bank branch and tell them where to ram it!
Yes! I am a Liberal Democrat and I am sick and tired of getting the Right Wing Extremist’s greed mongering up my rear end– I am mad as Hell and I am going to let everyone know it!
I can remember friendlier times with banks and I can also use that “Individual Self Reliance” that the Ree-Thug-Lickins are always crowing about and come up with a plan of my own to avoid the great “Fee” fiasco.
It is kind of like this, friends– I am a human being, not a commodity to be drained dry and disposed of by some impersonal and unfeeling corporate entity that might be suffering from a bad case of “Ultra-Conservatism.”
I think it is time for some Liberal-types with a few “Smarts” to start getting their heads together and finding alternate solutions to bank rip offs so that so-called “Average” citizens can get some relief somewhere.
Whoever comes up with the solution is going to render a great service to America and is going to get filthy rich in the process…Liberal rich, that is. (The kind of rich that helps others and does not hoard all the goodies unto the self.)
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