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But you still pay the fees from the banks failings, so it really does hurt everyone even when the bank eats it.
by damnfine 9y ago
But you still pay the fees from the banks failings, so it really does hurt everyone even when the bank eats it.
- alexanderstears 9y agoYes and no. If a "Too Big to Fail Bank" fails, we all pay. If a credit union in Utah messes up, their customers pay. Let banks compete on operational excellence.
- dmurray 9y agoIt hurts everyone foolish enough to still do business with the bank after they jack up their fees to pay for it. Or in jurisdictions where a small number of banks are given a monopoly, or competition is otherwise discouraged, it hurts everyone.