86 million customers may have to start paying for their bank accounts

[Harpy Eagle]

That puts me right back in the bank using a live teller.

Good luck finding one

 

[AMart]

You have any idea how many commercial real estate loans are currently underwater?

It's a different market. Developers LLs make $$$ when they either sell or refinance. Lots of LLC bankruptcys are quasi intentional.

 

[pknopp]

Was JP Morgan Chase going bankrupt then?

We will never know. Taxpayers were forced in seeing to that.

Capitalism!!

 

[struth]

We will never know. Taxpayers were forced in seeing to that.

Capitalism!!

Yes we do know, JP Morgan wasn’t in any trouble and didn’t want or need the TARP funds

 

[Fort Fun Indiana]

Chase Bank customers could see some additional charges in the not too distant future.

The potential charges are a result of new regulatory rules that cap overdraft and late fees. Chase will be passing along those increased expenses to customers, which would put an end to now-free services such as checking accounts and wealth-management tools. And she says she expects other banks will follow suit.

Bidenomics wormed its way through the back door of banks via inflation and customers saving less. Now it wants in through the front door.

MSN

So now consumers will be able to make better choices by seeing the costs up front instead of paying fees later. Excellent.

The Biden administration has a good record on consumer rights.

 

[pknopp]

Yes we do know, JP Morgan wasn’t in any trouble and didn’t want or need the TARP funds

We have no idea what happens if we would have allowed things to settle on their own. All the same my statements stand. Chase was enriched greatly by the taxpayers actions.

Capitalsim!!!

 

[Fort Fun Indiana]

Now more than ever is a great time to join a credit union, so you can pay this money to yourself instead of to shareholders.

 

[struth]

We have no idea what happens if we would have allowed things to settle on their own. All the same my statements stand. Chase was enriched greatly by the taxpayers actions.

Capitalsim!!!

We know JP Morgan Chase didn’t need the money nor were they heading to bankruptcy

They were forced by the Obama admin to take tarp funds and repaid them in June of 2009

 

[Foxfyre]

The threat of charging for once-free services isn’t a new one. Over a decade ago, many banks said they would add a service fee onto debit cards because of regulatory changes. Few actually did, though, as the feared a consumer revolt.

We should have let them all go bankrupt in 2008.

We should have the Trump doctrine that allows free market capitalism to work and people, even banks, to profit so long as they exercise honorable and acceptable business policies. That means as little government meddling as possible without putting people at unacceptable risk.

The Biden doctrine is to meddle in as much as they think they can get away with and the results have not been pretty.

 

[konradv]

Now more than ever is a great time to join a credit union, so you can pay this money to yourself instead of to shareholders.

Technically you are a shareholder at a CU.

 

[Fort Fun Indiana]

We should have the Trump doctrine that allows the free market to work and people, even banks, to profit so long as they exercise honorable and acceptable business policies.

Haha... let's take something we have done for 200 years and call it the Trump doctrine



The "Trump doctrine" would be to lower their taxes on profits while they lower no fees.

 

[Fort Fun Indiana]

Technically you are a shareholder at a CU.

In a manner of speaking loosely, yes. In a strict manner, no.

 

[22lcidw]

A slow process since we lost control of the Fiat Currency. We pay the banks to keep our money. Dealing in cash/checks was the norm if you had it at one time for larger ticket items.

 

[Fort Fun Indiana]

A slow process since we lost control of the Fiat Currency. We pay the banks to keep our money. Dealing in cash/checks was the norm if you had it at one time for larger ticket items.

Because of the historically embarrassing and immoral wealth gap in this country.

The model of a bank is supposed to be that IT pays YOU to hold your money.

But that's no longer true for most Americans.

 

[pknopp]

We know JP Morgan Chase didn’t need the money nor were they heading to bankruptcy

They were forced by the Obama admin to take tarp funds and repaid them in June of 2009

We have no idea who actually paid back what.

CAPITALISM!!!

 

[pknopp]

We should have the Trump doctrine that allows free market capitalism to work and people, even banks, to profit so long as they exercise honorable and acceptable business policies. That means as little government meddling as possible without putting people at unacceptable risk.

The Biden doctrine is to meddle in as much as they think they can get away with and the results have not been pretty.

Except Trump didn't actually practice that.

https://www.politico.com/news/2020/07/14/donald-trump-coronavirus-farmer-bailouts-359932

Capitalism!!

 

[22lcidw]

Because of the historically embarrassing and immoral wealth gap in this country.

The model of a bank is supposed to be that IT pays YOU to hold your money.

But that's no longer true for most Americans.

It's morphed into that over the last few decades and perhaps longer easily. And has gotten very personal on what we do with our money.

 

[Harpy Eagle]

We should have the Trump doctrine that allows free market capitalism to work and people, even banks, to profit so long as they exercise honorable and acceptable business policies. That means as little government meddling as possible without putting people at unacceptable risk.

If only that has taken place while he was POTUS

Do tell...are are tariffs not government meddling?

 

[Fort Fun Indiana]

If only that has taken place while he was POTUS

Do tell...are are tariffs not government meddling?

They are. And they are also inflationary.

Oddly enough, all of the economic policies proposed by Trump are hyper inflationary.

And the lemmings keep lapping it up.

 

[LAUGHatLEFTISTS]

What it is….

Having responsible account holders subsidize the behavior of the irresponsible account holders. Reminds me of the Biden proposal to charge lower mortgage rates to people with poorer credit.

Leftism 101