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**catermos** · 10-03-2011, 04:59 PM

Bank fees = BS.

I love it when banks and CC companies list all the "benefits" they give you by owning the card.

OK, fine. How do you get the $$ to PAY for these "benefits"?

The only benefit I want is to be able to put my cash somewhere where I can easily access it.

All we are getting these days are really cheap toasters.

The problem is that banks no longer need your deposits. With Fed discount rates close to zero, the Fed is practically giving free loans to banks to use for loans, mortgages etc.. Why should they give a damn about your deposits when they can capitalize income generatng assets at little or no cost?

10-03-2011, 04:59 PM	#4
catermos Join Date Oct 2005 Posts 393 Senior Member	Bank fees = BS. I love it when banks and CC companies list all the "benefits" they give you by owning the card. OK, fine. How do you get the $$ to PAY for these "benefits"? The only benefit I want is to be able to put my cash somewhere where I can easily access it. All we are getting these days are really cheap toasters. The problem is that banks no longer need your deposits. With Fed discount rates close to zero, the Fed is practically giving free loans to banks to use for loans, mortgages etc.. Why should they give a damn about your deposits when they can capitalize income generatng assets at little or no cost?
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