Comments on: ‘Bank Transfer Day’ Gains Momentum on Facebook

By: Ludie Sharum

Ludie Sharum — Tue, 21 Feb 2012 14:22:29 +0000

What a stuff of un-ambiguity and preserveness of precious experience regarding unexpected feelings.

By: Scott W Buchta

Scott W Buchta — Sun, 06 Nov 2011 00:06:11 +0000

WAY TOO MANY PEOPLE WATCH WAY TOO MUCH LAME STREAM MEDIA. GO AHEAD AND SWITCH BANKS, YOU WILL ONLY CUT DOWN ON THE BILLIONS THEY LEND EACH YEAR TO SMALL BUSINESS, OR GIVE TO CHARITIES. IF PEOPLE WOULD WISE UP AND JUST CHECK THE FACTS!!! THE BIG BANKS DID GET A BAIL OUT(AND I DON’T THINK ANY BUSINESS SHOULD BE BAILED OUT) BUT THEY ALL PAID BACK THE GOVERMENT WITH INTEREST!!! THE LIBS HAVE PASSED RULES(BECAUSE GOVERMENT WORKERS CAN’T DO THE JOBS THEY WERE PAID TO DO) THAT FORCE BANKS TO MAKE PROFITS IN OTHER WAYS, HENCE THE FEES!! DO YOURSELFS A FAVOR AND CHECK THE FACTS!!!!!!!

By: Rob

Rob — Sat, 05 Nov 2011 05:48:50 +0000

After waiting 3 years for a loan mod that never happened from Chase, i pulled all my accounts at chase and moved to local credit union and brokerages. Its been over a year since i switched and i couldnt be happier.

By: Don Turner

Don Turner — Sat, 05 Nov 2011 04:05:17 +0000

To those of you defending the big banks, get your heads out of the sand. The banks aren’t losing money because of regulations (which have been largely non-existent & even now are not onerous). They are losing money because of bad business decisions & obscene salaries & bonuses being paid to the very people responsible for the bad business decisions.

By: Robert

Robert — Fri, 04 Nov 2011 14:53:15 +0000

to Nicole:
So what you are saying is that despite the banks are charging excessive fees to make their wall street projections and boost up their stock and in turn, senior management will profit from these actions. We should continue to support them. Reason being is that the greater evil is collapsed financial system will be worse for everyone. They already argued that in 2008 then TARP was implemented. We have already spent trillions to support these financial institutions and what did we get from it? No reform for consumer protection, no increase in lending to support job creation (the banks horded the bailout money) and no mechanism to help consumers that were “financially on the fence” to help restructure their finances to avoid bankrupcies or foreclosures.

My opinion is that the big banks should have failed, bankruptcy law would liquidate their assets to smaller, more responsible banks and in turn would have made the financial sector more secure in the long run.

I think the initiative that Kristen is doing is the right thing… Remember, we are capitalists and is based on COMPETITION. If the large banks cant compete with the credit unions, then they should go the way of PAM-AM and Montgomery Wards. banks should make money from the loans and investments they produce, not from charging fees from its clients.

By: Anne

Anne — Fri, 04 Nov 2011 14:35:41 +0000

I also believe in paying for services rendered. That’s why I moved from SunBust to a local community bank. I get good service for a reasonable fee and the funds are used to support local small businesses and homeowners; a win-win for everybody.

By: Samantha

Samantha — Thu, 03 Nov 2011 13:15:12 +0000

Bottom line is that if a company is providing you a service, you should pay for it. Do you pay your gym membership fee, doctor co-pays? A bank is no different, it’s a product and service you CHOOSE to obtain, so you should pay for what they are providing you.

By: Jay

Jay — Wed, 02 Nov 2011 17:47:28 +0000

Oh, and have those pro-bank commentators acknowledged the “Rob Peter to Pay Paul” sleight-of-hand that the banks have done with the additional funds given them to loan to small businesses? You know, where they’ve taken that money and paid the TARP obligations, instead of making loans like it was supposed to be for?

By: Marsha

Marsha — Tue, 01 Nov 2011 22:13:25 +0000

Morgan-Chase has contributed to the problems we are facing today. I asked about this new 5% pay back that was advertised on T.V and at the end of their schpeel they told me if the min. balance of 1,500.00 was not met then it cost me 5%. I’m sick of the banks thinking up creative ways to charge fees and make money off their customers. I watched the documentary “Inside job” how insightful and educational it was. I moved my accounts the next day from Chase to my local credit union.. The government bailed out the banks at our expense I might add and yet the save jerks that contributed to the problem are still in the same positions receiving huge bonuses and it is just business as usual. The banks still won’t loan money to good standing people and I am just fed up. We the people need to show the politicians that we are not just lip service like they are. It’s time to show them we mean business and who really has the power to make changes. Stand up Americans, get off your duffs and lets be heard.

By: Jay

Jay — Mon, 31 Oct 2011 21:16:27 +0000

@NICOLE & JANNA: The model that banks work from is to make as much money as they can in fees and high-interest rates levied against their customers and give it back to their shareholders.
(Rob from the poor and give to the rich?)

Credit unions are cooperative, NON-profit organizations; profits are returned TO THE CUSTOMER-OWNERS in the form of better rates on loans and deposits.
(“Do unto others…”)

Sorry, what was it again you were saying?