Posted on 09/30/2011 1:54:00 PM PDT by Kaslin
I did not accuse you of wanting government control, I asked you if you would be for it, and I am sure you are not.
The main point is, any bank is a free enterprise, free to charge whatever they think is in the best interest of the business. There is no mandate which requires us to open a checking account. If you are unhappy with one bank, shop for
the next one or find an alternate method to save you money.
And by the way I am against Dodd-Frank law because it is over-regulation. What is really needed is to bring back Glass-Steagall. Repeal of that law is the main reason for the banking debacle of 2008, and I can see more such debacles ahead.
“The main point is, any bank is a free enterprise, free to charge whatever they think is in the best interest of the business. There is no mandate which requires us to open a checking account. If you are unhappy with one bank, shop for
the next one or find an alternate method to save you money.”
I agree with your above comments. As a practical matter, we still need checking accounts (my old fashioned opinion). My problem lies in finding “an alternate method.”
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