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Published: Saturday, Oct. 1 2011 12:00 a.m. MDT

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Esquire
Springville, UT

Did Zions Bank write this editorial? It is so wrong, taking the view of an industry that took billions from taxpayers and then turns around to stiff the consumer. And to blame one Senator is astounding! What is wrong with you? This is unfettered propaganda, not a reasonable, well considered editorial from a newspaper that is supposed to be a voice of rational thinking in our society. I am truly appalled!

Blue
Salt Lake City, UT

Now wait a minute.

Banks pay depositors a fraction of a percent on their savings, but charge them 15% - 24% for credit card balances. They borrow money for themselves at rates so low their loans are virtually free, but charge customers with perfect credit 5% for a car loan.

Bank profits are a record highs.

And now this newspaper is using its editorial page to shill for banks and get some licks in for it's Tea Party version of American economics?

Shame.

UTAH Bill
Salt Lake City, UT

I tired of the fees my bank was charging and moved my accounts into my local credit union. I've calculated it saves me about $200 a year.

Dektol
Powell, OH

The Mafia is alive and well in the banking industry.

Hutterite
American Fork, UT

Price outbundling is evil. It started with the airlines, and now everybody has rock bottom 'prices' supplemented by surcharges, levies, rate riders, convenience charges, shipping and handling, security fees, county assessments, recovery taxes, you name it. Now banks are really getting on board, nickel and diming everyone.

Hellooo
Salt Lake City, UT

This is also the result of the government financed consolidation of the banking industry. Now there are fewer community and regional banks with a tie to their customers, and so the corporate heads just look at where they can grab a little more from their depositors who have fewer options in the monopolized banking industry.

The Real Maverick
Orem, UT

You people are nuts!

Banks are making record profits!

They're increasing their fees not to make up for any money lost, but to make even more money off us!

KM
Cedar Hills, UT

Frank Dodd Durbin and others have done more damage to our country than enemies without could ever hope. The government banking complex is wrecking our country.

Midvaliean
MIDVALE, UT

America First Credit Union and Mountain America Credit Union are great institutions to use instead of a bank. Try it.

Brother Chuck Schroeder
A Tropical Paradise USA, FL

First I'll quote: "Banking is likely to get a lot more expensive in the coming months. Already, the Bank of America, Wells Fargo and JPMorgan Chase have instituted fees for debit card transactions in some states. Industry analysts say consumers can expect the trend to expand and grow."

Don't blame this on the Banks. First they got bail-outs from ObamaNation, when they did not need the money - followed up from that - for a "you give me this and I'll give you that" ObamaNation HOGWASH, from The Tea Party and GOP US House - came even MORE Banking de-regulation's - when most all these Banker's should of went to Prison when they did their con job, and, helped to crash America in 2008, in the Housing Market fold-up. Anong with the Koch Brother's, now you know who is wrecking our country.

Yet ya'll keep re-electing them, because of the "R" after their title. When will ya'll ever learn?. (Other then, "anyone but Obama") mental blocking.

It's time to really "clean house" in Washington DC come 2012.

And re-build America "as we all knew it", one time in life before it ran wild with corruption and crooks.

Screwdriver
Casa Grande, AZ

Poor banks, stop picking on them and make sure they can grow thier bottom line every quarter like we citizens enjoy.

We the people are getting rich while the poor banks are struggling to get along in life. It's just not right, give a bank a fee to help them out in these tough times they are suffering through.

KamUte
South Jordan, UT

Zions Bank is horrible about fees. Today I had to go into Zions to figure why they took in all the deposits except the largest one. The largest one was being held until Tuesday. No rhyme or reason. In the interim, not all funds will clear and then the bank will charge more fees. The company paid over 55 thousand in fees because of their practices. Currently taking 110%. All banks are getting more cruel.

IndeMak
South Jordan, UT

Close your bank account. Move to credit unions.

Deborah
Huntington, WV

"I believe that banking institutions are more dangerous to our liberties than standing armies.

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation; the banks and corporations that will grow up around the banks will deprive the people of all property untill their children will wake up homeless on the continent their fathers conquered.

The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Thomas Jefferson

Roland Kayser
Cottonwood Heights, UT

Remember a few years ago when the bankruptcy laws were reformed to benefit the bankers? They said that would allow them to charge lower interest rates on credit cards. They lied.

Christy
Beaverton, OR

Bank of America the nations largest bank has gone a second year in a row paying absolutely no federal corporate income taxes. In fact, not only did the company use its losses to avoid paying taxes last year, but it actually reported a tax benefit of almost a billion dollars.

They will now charge you $60 a year to use your debit card.

Not only are they going to charge you for using your debit card, they now have a minimum checking acount balance you must meet or they charge a monthly fee ($12) as well. You have to keep $1500 daily balance and have at least one direct deposit of a minimum of $250 a month. You also have to keep a certain balance in savings or they are going to charge fees for that.

It's outrageous. Talk about the final straw. Everyone who banks with them should close out their account.

procuradorfiscal
Tooele, UT

Re: "Bank of America the nations largest bank . . . will now charge you $60 a year to use your debit card. . . . It's outrageous. Talk about the final straw. Everyone who banks with them should close out their account."

Hear, hear!

If even 1% of its customers abandoned this bank in favor of a local credit union, not only would the policy change, but banks would be incentivized to engage in fewer monopolistic pricing policies and lobbying efforts seeking protections from the marketplace.

But the very last thing we need is more expensive and sophomoric government regulation. That's what got us into the problem in the first place.

one old man
Ogden, UT

Brother Chuck -- please! It was Bush who bailed the banks.

Sensible people will pull their money out of banks and deposit it in Credit Unions.

Nichiro-san
Salt Lake City, UT

Bankers, Banking Lobbyists, and the Republicans who made this possible thank you for making them richer in these difficult days. It is easy to live an affluent lifestyle when your interests are protected and improved by conservatives who work to preserve their class.

So how are Republicans able to get middle-class people to vote against their own economic self-interest? Why, it's the requirement to be "fair" towards rich people and get side-tracked by wedge social issues in an election.

Christy
Beaverton, OR

Its infuriating to see bankers who were rescued by taxpayers now moan about regulations intended to prevent the next bail-out. Does it feel right to anyone that the top 1 percent of Americans now possess a greater collective net worth than the entire bottom 90 percent?

Who got bailed out? Not the tax-payers.

Who pay taxes? Not Bank of America.

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