I just missed your post #58 completely.

I'm currently with TD and have been for many years. I loved Commerce before they sold/were bought by TD. Its been one thing after another since. Little things here and there buried in fine print inside my monthly statements that the majority of people never read. This is the last straw for me. The fee wont really affect me, but I'm gonna get into a Credit Union soon. I even found one that has a branch relatively close and offers free debit withdrawals at Wawa (they are everywhere)

Hello? Tap tap.

TW appears not to have read the Bloomberg article - this is about getting the FDIC to cover trillions of dollars worth of risk in European default risks - but is reciting his usual themes.

The rest of you are arguing about single digit figures while the bank (and others) are positioning to pillage you for a couple of trillion.

I mean, they're both real issues, but ... but ...

Eh hem ...

Yes I'm pretty mumblegrumblebrumble

Why is that relevant? Moving risk does not incur current losses. And does not justify those 'nickel and dime' fees. BoA's losses are mostly due to CountryWide Financial. Other BoA units (including Merrill Lynch) are profitable.

Banks are using excuses (such as lower Debit Card fees) to justify charging more for everything. In BoA's case, major losses are due to Countrywide Financial. Rather than admit the real problem, banks are blaming ridiculous things such as government reduced fees on Debit Cards. And increasing profits at the expense of anyone who does not complain.

The 'usual themes' said these investment vehicles should be traded in open markets. So that people educated in corruption can no longer profit from their expertise. Zengum's articles suggest same 'usual themes' as necessary to insure economic stability.

'Government required' lower fees on Debit Cards is how banks justify increasing fees. To divert blame from the real problem. And to increase profits at the expense of anyone who does not complain. Significant BoA losses are in CountryWide Financial. Not in risky investment vehicles in Merrill Lynch. Merrill is currently profitable. That Bloomberg article obviously does not explain all those 'nickel and dime' charges. And has no relevance to this thread.

How many kids have seen their first saving account wiped out by bank service fees?

Good question, let me draw you a picture.

You're in the bank; you're a customer of theirs. You're waiting in line and in walks a half dozen people, one of which skips the line completely and moves to the open teller window that would have been yours, had this jerk not jumped ahead. He calmly takes a piece of paper out and with the little pen chained to the counter, writes something on the paper, passes the paper to the teller. The teller looks at it, frozen with fear. The line-jumper breaks the frozen concentration of the teller by yanking the pen and chain from the counter with a loud SNAP! The gesture works and the man smiles and pockets the pen with the chain swinging gently back and forth. The teller flies into motion, opening her drawer and moving bricks of wrapped cash onto the counter which are swept into a waiting duffel bag by the man.

This brazen act of wanton destruction shocks and infuriates you and as you look around expecting to see others similarly scandalized you see the same massive "withdrawal" underway at all the teller windows. But to your dismay, no one else has raised a finger against this vandal. You shout "He's stealing that pen!!" and the sound of your voice causes others to turn and look. You're right, everyone can see the chain dangling from his pocket, but no one joins you in your righteous cause.

*******

end of the story, or at least this episode.

Will the bags of money leave with the robbers? Will he take the pen? How can that little chain be mended? Did the other dufflebaggers also vandalize the teller windows too?

Stay tuned!

*********

Now, let me ask you, what do you think is the most important thing happening in this story?

Second to puns, I love allegories !

The dye pack exploding? :mad2:

I don't get it. They use dye packs for pen thieves? Is the pen thief the same guy as the money thief? Why does a pen being yanked from a table 1) going to jerk a clerk into action and 2) make a thief smile?

sigh, Its code for a
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Grenade

CNN
By Blake Ellis November 4, 2011: 12:26 PM ET
Bank dumping days begin

.

Grenade ... lols!

So let me understand this. BoA has a new service charge for any robbery exceeding $10,000?

Being true criminals, it is probably defined in fine print.

Hundreds of Thousands of Consumers, Billions of $$ Move to Credit Unions

Rising fees at banks spark consumer action during October in run-up to ‘Bank Transfer Day’

Link