Thursday, March 8, 2007

On ATMs

Why the whole ATM fee hullaballoo is ridiculous.

1) the banks are providing a convenience for the customer that costs them money to upkeep, thus, you pay a fee for that service.

2) banks aren't there to help and serve their customers. Customers, to banks, are the same as a natural resource like lumber, a way to make money by providing a needed service. Banks are accountable to and serving their shareholders, so profit is good, the only reason to offer good customer service is because it makes more money for their shareholders. It's callous, but it's how banks work. Tough.

3) Join a credit union or walk to your own damn bank, lazy whiners. There would be a problem if NO options were available to consumers, but options exist.

basically, we learn that people don't like fees of any kind and they don't like it when companies they don't have stock in make a profit. Amazing insight here, Taliban Jack, really adding to the Canadian parliamentary discource. Fucking lazy, whiny socialists. I think 4 bucks for a latte at starbucks is a ridiculous prize, but do I have the right to dictate to private companies how they do their business? It's called consumer choice and a market economy, such amazing concepts, both.

Since when did it become illegal to make large profits? The banks are accountable to their shareholders, who also make a profit, not to whiny customers and half-bit socialist assholes with moustaches.

Though kudos to Flaherty for "considering" the issue, and taking away what is most likely a key populist election issue of Layton's. How do you fix the control of a few banks over the market? Perhaps, foreign competition?

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