Bank of America To Charge $5 Monthly Fee For Debit Card Usage

[crazy canuck]

Were they also talking about dropping out of the Socialist International?  Because it always annoys me when people bristle at being called Socialists when their party is in the SI.

I dont know if the NDP was ever part of the SI. Maybe Josephus can help us with that.

[derspiess]

Were they also talking about dropping out of the Socialist International?  Because it always annoys me when people bristle at being called Socialists when their party is in the SI.

I dont know if the NDP was ever part of the SI. Maybe Josephus can help us with that.

They are.

http://en.wikipedia.org/wiki/Socialist_International#Member_parties

[crazy canuck]

Interesting.  You taught me something today.

[Razgovory]

Were they also talking about dropping out of the Socialist International?  Because it always annoys me when people bristle at being called Socialists when their party is in the SI.

I dont know if the NDP was ever part of the SI. Maybe Josephus can help us with that.

They are.

http://en.wikipedia.org/wiki/Socialist_International#Member_parties

Apparently the GOP is part the same international coalition as the crazy Hungarian party that bothers Tamas.  Neat.

[derspiess]

Apparently the GOP is part the same international coalition as the crazy Hungarian party that bothers Tamas.  Neat.

. SCANDAL

[Jacob]

Alright alright, social democratic.

Point is, if organizing for the common good rather than the pursuit of profit is a good idea in banking - the most capitalist of fields - then it may be a good idea in other areas as well.

[crazy canuck]

Alright alright, social democratic.

Point is, if organizing for the common good rather than the pursuit of profit is a good idea in banking - the most capitalist of fields - then it may be a good idea in other areas as well.

I think you are overselling what a credit union is.  In a lot of ways credit unions operate just like banks.

[Habbaku]

Alright alright, social democratic.

Point is, if organizing for the common good rather than the pursuit of profit is a good idea in banking - the most capitalist of fields - then it may be a good idea in other areas as well.

Banking the most capitalist of fields?  Yeah, no.  Pretend I made a bad Martiphor here to show that it isn't.

[HisMajestyBOB]

Alright alright, social democratic.

Point is, if organizing for the common good rather than the pursuit of profit is a good idea in banking - the most capitalist of fields - then it may be a good idea in other areas as well.

I think you are overselling what a credit union is.  In a lot of ways credit unions operate just like banks.

If so, then banks should operate like credit unions, since apparently most credit unions don't charge the fees banks do.

But then, I guess someone has to pay for your CEO's yachts.

[Warspite]

Alright alright, social democratic.

Point is, if organizing for the common good rather than the pursuit of profit is a good idea in banking - the most capitalist of fields - then it may be a good idea in other areas as well.

I think you are overselling what a credit union is.  In a lot of ways credit unions operate just like banks.

If so, then banks should operate like credit unions, since apparently most credit unions don't charge the fees banks do.

But then, I guess someone has to pay for your CEO's yachts.

Where are the customer's CEOs.

[MadImmortalMan]

BofA still having website problems. Either there's a very serious IT problem there (and a completely inept DR plan) or something fishy is going on.

[MadImmortalMan]

Now Citi:

Citi announces new fees on checking accounts


The fees keep coming. Citi is the latest big bank to slap customers with a round of fee hikes. This time, on its checking accounts.

Starting in December, customers who hold its mid-level Citibank Account will be charged $20 a month if they fail to maintain a minimum balance of $15,000 in their combined accounts. Previously, account holders had to carry a minimum balance of $6,000.

At the same time, customers who have the bank's EZ Checking account will start being charged $15 a month if they don't carry a minimum balance of $6,000. Citi (C) says it is phasing out the EZ Checking package, which currently carries no monthly fee, and is instead offering customers either the Citibank Account or its Basic Banking account, which also carries a fee.

[crazy canuck]

If so, then banks should operate like credit unions, since apparently most credit unions don't charge the fees banks do.

Actually here credit unions do charge fees very similar to banks.  There are some differences like the Directors are appointed by the members rather than the shareholders but I dont really see much difference there - the members are effectively the shareholders.

Credit Unions will sometimes fund projects the banks might not fund.  But they are not giving their money away.  If the projects are not financially sound the credit unions will still refuse to fund.

Credit Unions pay dividends to their members but that is the same way a bank pays dividends to its shareholders (btw I realize our American readers might not remember when banks paid dividends  ). Granted shareholders have to pay for their shares but they also get to participate in an equity gain as well (again something that our American friends might not remember).

[Barrister]

Interesting.  You taught me something today.

Really?  I've taunted forum lefties (mostly Josephus, but also Sasks) with the Socialist International connection a good half dozen times.

[crazy canuck]

Interesting.  You taught me something today.

Really?  I've taunted forum lefties (mostly Josephus, but also Sasks) with the Socialist International connection a good half dozen times.

I dont recall.