Re: JP Morgan threatens small depositors

Lance McLain <lance-X3DuywwxauBWk0Htik3J/[email protected]>
Newsgroups gmane.music.dadl.ot
Message-ID <[email protected]>
On Jan 15, 2011, at 11:27 AM, Bruce Geerdes wrote:

> On Sat, Jan 15, 2011 at 9:55 AM, Lance McLain <lance-X3DuywwxauBWk0Htik3J/[email protected]>  
> wrote:
> Yes.  But if you are going to demand taxpayer money for being too  
> big to fail...then the taxpayer should be able to limit how big you  
> get.
>
> Yeah, I don't know that I have a problem with limiting the number of  
> customers a bank can service. And I don't know that I *like* what  
> Chase is doing, but do we really want to start regulating banking  
> fees? Are the choices *that* limited for people?

Yeah...In the past 2 years, I have reduced my dependence on banks  
drastically.  I've learned to pay cash (literally currency) for just  
about everything.  I keep low deposit balances and NEVER pay fees for  
anything anymore.  I suspect that in another few years, they will try  
to do away with cash and force people to use their systems.  But for  
now, I'm not giving them a dime if I don't have to.

regards,
-Lance

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