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They are and that is why many are either not going to use a bank or move to a CU. And then the likes of bofa will have really stepped on their cranks.
Yeah! Kill Bofa!
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Originally Posted by EinsteinsGhost
Major banks rely on major blind supporters of their whims.
I'm not using BoA any more. But I now have less choice. I guess I should blindly support the gov't instead right? Even when they do restrict my choice?
And there are no "whims" in business. Businesses are not run by emotion or spontaneous unplanned decisions. If I were to wake up one day and institute price hikes on all my customers, I'd be screwed. Unless of course all my competition did the same.
I'm not using BoA any more. But I now have less choice. I guess I should blindly support the gov't instead right? Even when they do restrict my choice?
The government didn't, the bank did. See, you can't support anything blindly, but you do oppose anything blindly... as long as the issue at hand bodes well with your whims. You've become a slave to these businesses.
You don't need "choices" that take you for a ride, you need only a good bank. Look around and you may find one, or two. I did.
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And there are no "whims" in business. Businesses are not run by emotion or spontaneous unplanned decisions. If I were to wake up one day and institute price hikes on all my customers, I'd be screwed. Unless of course all my competition did the same.
You wish, but it is generally the major banks that are vehemently opposed to the finance reform (small banks are wary of side effects but not opposed to it, because the reform technically supports their cause). And these mega banks have got you speaking for them, for free.
There you go blaming Obama. Your so quick to blame and the reasons are obvious. It doesn't matter if you're basing your accusations on fact or not. In fact Obama was against this practice by the bank to charge fees to their customers. You do have free choice in where you bank! Or is Obama the blame for that too. You can't blame EVERYTHING on Obama, he didn't make the choice as to where you should keep your money.
Look up the following bankers and their history....JP Morgan, Rothschild, The Warberg's and the Rockefeller's. Amongst their many not so honorable accomplishments they funded the US and our enemies in both WWI and WWII, all in the name of "profits".
That should take you a while to get your arms around. Once your get your arms around thst, let's go back to the table and discuss profits.
Yes, by all means let's discuss profits. In North Korea, they have no profits and many people eat grass and tree bark from time to time. It would be tough to get to that profitless paradise, but you could do it.
Cubans would starve without the black market, their only source of profits. It would be much easier to get there.
Was every dollar of profit ever made for a noble cause? You are absolutely right, the answer is "no." But every piece of material that went into my house, everything in my house, every meal I have ever eaten, every car I have ever owned, every article of clothing...was provided to me by the profit motive.
That same motive was behind every paycheck I ever got, too, and profits are the direct source of my current income. I earn them by providing goods and services for which my customers freely pay, after considering hundreds of competitors of mine. Each of these hundreds want more profits so daily are figuring out how to improve the products and services they offer.
Yes, by all means let's discuss profits. In North Korea, they have no profits and many people eat grass and tree bark from time to time. It would be tough to get to that profitless paradise, but you could do it.
Cubans would starve without the black market, their only source of profits. It would be much easier to get there.
Was every dollar of profit ever made for a noble cause? You are absolutely right, the answer is "no." But every piece of material that went into my house, everything in my house, every meal I have ever eaten, every car I have ever owned, every article of clothing...was provided to me by the profit motive.
That same motive was behind every paycheck I ever got, too, and profits are the direct source of my current income. I earn them by providing goods and services for which my customers freely pay, after considering hundreds of competitors of mine. Each of these hundreds want more profits so daily are figuring out how to improve the products and services they offer.
That's what profits are about.
And there are no middle grounds? The world must be either anarchist or micro-managed? The only country you can think of is Cuba and North Korea? Why not Germany, England, France, Denmark, Norway, Finland, Sweden?
And there are no middle grounds? The world must be either anarchist or micro-managed? The only country you can think of is Cuba and North Korea? Why not Germany, England, France, Denmark, Norway, Finland, Sweden?
The source of all prosperity in Germany, England, France, Denmark, Norway, Finland, and Sweden is also profits.
I used Cuba and North Korea as the purest examples of the lack of the profit motive.
The source of all prosperity in Germany, England, France, Denmark, Norway, Finland, and Sweden is also profits.
I used Cuba and North Korea as the purest examples of the lack of the profit motive.
Nazis had a lot of businesses profit, and Fascists were all about corporate culture, unlike Cuba and North Korea, but it would be lame to make an argument on it, just as it is using Cuba and North Korea, got government involvement.
Now you do recognize that Germany etc have businesses thriving, yet you fail to see government involvement in those countries. Simply out of political convenience or are you really unaware?
No it won't. It has shrunk competition. Do we have more choice or less choice now for free debit cards than we did last week?
I was referring to ChromeKitty's decision to move her business to a CU.... not the government telling banks what they can charge.
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Blaming Obama
